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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
1-333-345-6868info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 76 daysPrice drop · $50,000 off (-8.3%)

    5224 Third Line

    Rural Erin·Erin, ON·L7J 2L8·Near County Rd 50 and North on the Third Line

      0
    • Vacant Land
    Erin real estate›X12952732
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    This 1.03 acre residential lot offers a great opportunity to build a home that suits your style and needs. The property can accommodate a passive solar design, a ranch bungalow, a modern or contemporary home. Set on a quiet country road, the location provides a peaceful rural setting while remaining close to Acton, Erin, Rockwood, and Guelph. Schools, shopping, commuter routes, and everyday amenities are all within a short drive. The lot is ready to build and features a gentle slope that supports a full walk out basement. The elevation allows for excellent natural light and is well suited for an in law or secondary suite. You can also enjoy open views of surrounding farmland and forest. The land is dry, open and suitable for a variety of custom home designs. A key benefit is that the property is outside conservation authority jurisdiction, with confirmation on file showing no conservation restrictions. This allows you to move forward directly with building permit applications through the Town of Erin and Wellington County. The property is currently being farmed and benefits from OFA tax credits, which help reduce carrying costs until you are ready to build. A survey is available. Buyer to verify HST applicability. If you are looking for a build ready lot with a rural location, ideal grading for a walk out basement, energy efficiency passive solar positioning and no conservation restrictions, this is a rare opportunity. Please do not walk the property without an appointment. Be mindful of crops. The farmer reserves the right to harvest. GPS note: The property is located in the Town of Erin but carries an Acton municipal address. Enter 5223 Third Line in Google Maps. The property is directly across the road. * Suggested Rendering included in photos

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 15, 2026Price reducedCurrentReduced$549,000−$50,000 (8.3%)X12952732This page
    Apr 1, 2026ListedCurrentFor sale$599,000 —X12952732This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Exterior & construction

      1
      View
      Clear, Forest, Pasture, Trees/Woods
    • Lot & land

      1
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 5224 Third Line
    What's nearby

    Points of interest classified by the MLS® feed.

    • Clear View
    • Level
    • Sloping
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $2,697
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $4
    0.01% mill rate · ON
    The market

    How this home sits in the Erin market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Erin market right now

    Average sold price, days on market, and closed-transaction count for Erin — sourced from MLS®.

    • Avg sold price
      $1,053,602
      Last 30 days
    • Median sold price
      $905,000
      Middle of the market
    • Days on market
      55 d
      Avg from list to close
    • Closed last 30d
      57
      MLS® transactions
    Full Erin market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 5224 Third Line — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

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    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 5224 Third Line and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 5224 Third Line listed for?

      5224 Third Line is listed at $549,000 on the MLS® (listing X12952732). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 5224 Third Line have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. .50-1.99 ac lot
  2. Asking
    $549,000
    MLS® X12952732
    Chat Zara
  3. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,053,602
    $969,314Confidence range$1,137,890
    Asking vs estimate
    ↓below
    −$504,602
    (-47.9%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Erin sell in about 55 days — this one has been listed 76 days.

    Avg sold price
    $1,053,602
    Median sold
    $905,000
    Avg days on market
    55
    Recently sold
    57
    See comparable sales
    AI highlights by Zara
    • This 1.03 acre residential lot offers a great opportunity to build a home that suits your style and needs.
    • Schools, shopping, commuter routes, and everyday amenities are all within a short drive.
    • The lot is ready to build and features a gentle slope that supports a full walk out basement.
    • If you are looking for a build ready lot with a rural location, ideal grading for a walk out basement, energy efficiency passive solar positioning and no conservation restrictions, this is a rare opportunity.
    Ask Zara a follow-up
    Zoning
    A
  4. Listing & possession

    3
    Occupancy
    Immediate
    Property style
    Other
    Property class
    Vacant Land
  5. Combined estimate
    $2,701
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $2,697
    /mo
    based on the purchase price of $549,000
    $109,800 cash
    $439,200 financed
    $369,922 total interest
    Monthly payment$2,697/ month
    Principal54%$439,200
    Interest46%$369,922

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable vacant lands that just sold in Erin

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 27 STEWART Drive
      Sold
      Sign in for price
      27 STEWART Drive
      Vacant Land
    • 00 10TH Line
      Sold
      Sign in for price
      00 10TH Line
      Vacant Land
    • 5163 Fourth Line
      Sold
      Sign in for price
      5163 Fourth Line
      Vacant Land
    • 9643 5 Side Road
      Sold
      Sign in for price
      9643 5 Side Road
      Vacant Land
    • 5145 Fifth Line
      Sold
      Sign in for price
      5145 Fifth Line
      Vacant Land
    • 4995 Hwy 125
      Sold
      Sign in for price
      4995 Hwy 125
      Vacant Land
    AddressBd / BaSqftSold$/sqft% of askSold
    5224 Third LineThis home0 / 0—$549,000ask———
    27 STEWART Drive0 / 0——
    00 10TH Line0 / 0——
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More vacant lands in Erin

    Active listings within ±20% of this asking price.

    • 4905 Eramosa-Erin Townline
      $450,000
      4905 Eramosa-Erin Townline
      Vacant Land
    • PT LT 1 TRAFALGAR Road
      $624,900
      PT LT 1 TRAFALGAR Road
      Vacant Land
    • TBD First Line
      $599,900
      TBD First Line
      Vacant Land
    • 00 Tenth Line
      $649,000
      00 Tenth Line
      Vacant Land
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  6. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  7. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  8. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  9. Public listing courtesy of ROYAL LEPAGE MEADOWTOWNE REALTY · displayed on Summitly per MLS® data-share rules

    5224 Third Line is a vacant land at Erin, ON. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  10. When was 5224 Third Line built?

    The year built for 5224 Third Line isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  11. What is the property tax for 5224 Third Line?

    The 'Property tax' tab in the History section shows the most recent annual tax for 5224 Third Line plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  12. How much would the monthly mortgage be on 5224 Third Line?

    The affordability calculator on this page shows an estimated monthly mortgage for $549,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  13. Has 5224 Third Line been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 5224 Third Line with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  14. What neighbourhood is 5224 Third Line in?

    5224 Third Line is in Rural Erin, Erin. The 'Neighbourhood' section below links to the live Erin real estate hub with average sold price, days on market, and current inventory.

  15. Is Erin a good place to live?

    Erin is one of ON's actively-tracked Summitly markets. The full Erin real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  16. 5163 Fourth Line
    0 / 0
    700
    —
    9643 5 Side Road0 / 0700—
    5145 Fifth Line0 / 0700—
    4995 Hwy 1250 / 0700—