5228 First Line is a 4-bedroom, 5-bathroom detached home in Erin, listed for $4,399,999. It has 5000 + sq ft of living space.
1Approximately 50 acres are arable and workable, offering gently undulating fields & open views in every direction.
2The main floor features a spacious eat-in kitchen, a generously sized dining room suited for large gatherings, and a welcoming family room anchored by a wood stove.
3There is ample space for hacking and established trails throughout the property.
OPEN HOUSE Saturday Sept 12, 1-3pm. Chestnut Ridge Farm represents the best of country living on nearly 72 acres of rolling, picturesque land with a beautifully preserved stone farmhouse & well-appointed equestrian amenities. Approximately 50 acres are arable and workable, offering gently undulating fields & open views in every direction. The home is set well back from the road & accessed by a long, private, tree-lined drive that passes a spring-fed pond, creating a strong sense of arrival and privacy. The circa 1861 stone farmhouse combines heritage character with a practical, family-friendly layout. The main floor features a spacious eat-in kitchen, a generously sized dining room suited for large gatherings, and a welcoming family room anchored by a wood stove. Natural light fills the home, and every room enjoys views across the grounds and paddocks.The residence includes 4 bedrooms and 3 bathrooms. A charming 3 bed, 2 bath coach house is attached by a breezeway and provides excellent flexibility for guests, in-laws, childcare, or extended family. The layout lends itself seamlessly to multi-generational living while maintaining privacy for all. A large pool & outdoor entertaining area sits beside the home, ideally positioned for summer enjoyment overlooking the property. For the equestrian enthusiast, the setup is turnkey & extremely functional. The 50 x 35 ft barn offers 8 stalls (with potential for nine), each equipped with StableComfort mats, a feed and tack room, front and rear access, and a hay loft capable of storing approximately 1,000 bales. There are 7 paddocks each with run-in shelters and pristine four board fencing. There is ample space for hacking and established trails throughout the property. Additional outbuildings include a 30 x 34 ft drive shed with a ten-foot sliding door, concrete floor, insulated walls, and hydro. A 40 x 35 ft garage, part of the original farm & re-shingled in 2025, offers excellent space for hobbyists, equipment, or storage.
4 bedrooms, 5 bathrooms, about 5,000 sq ft, works out to roughly $880 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 5228 First Line
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
5000 + sq ftas stated on the listing
Parking
22 spacesYes garage
Basement
Partial Basement
Features & systems
Parking & garage
Garage
Yes
Parking spaces
22
Interior
Basement
Partial Basement
Exterior & construction
Pool
Yes
Lot & land
Lot size (sqft)
71.91
Listing & possession
Property style
2-Storey
Property class
Detached
5228 First Line Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13132666$4,399,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 5228 First Line Compares to the Erin Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
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An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$21,616
/mo
based on the purchase price of $4,399,999
$880,000 cash
$3,519,999 financed
$2,964,763 total interest
Principal54%$3,519,999
Interest46%$2,964,763
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
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Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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.
Similar homes for sale nearby in Erin
Other 3–6 bed homes for sale in Erin around $4.4M.
Average days on market51Homes sold in about 51 days on average.
Sale-to-list ratio95.3%On average, homes sold below asking.
Active listings173Homes for sale here right now.
Median vs prior 90 days+7.3%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 79 sales from Jul 24 – Oct 22, 2026 (59 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 5228 First Line
How much is 5228 First Line listed for?
5228 First Line is listed at $4,399,999 (MLS® X13132666). Summitly updates the price as soon as the MLS® record changes.
Is $4,399,999 a good price for 5228 First Line?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Erin. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 5228 First Line changed?
No — 5228 First Line is still listed at its original asking price of $4,399,999.
How many bedrooms and bathrooms does 5228 First Line have?
5228 First Line has 4 bedrooms and 5 bathrooms, with about 5,000 square feet of living space. It is a detached home in Erin.
How much would the monthly mortgage be on 5228 First Line?
About $21,616 a month — principal and interest on $4,399,999 with 20% down ($880,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 5228 First Line compare with other homes in Erin?
Its asking price of $4,399,999 is about 361% above the median sold price in Erin over the last 90 days, $955,000, across 79 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 5228 First Line been sold before?
Summitly has no earlier MLS® sale or lease of 5228 First Line on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5228 First Line?
5228 First Line is in Erin, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5228 First Line been on the market?
160 days — 5228 First Line was listed on May 15, 2026.
What is the price per square foot of 5228 First Line?
About $880 per square foot: the asking price of $4,399,999 over the 5,000 sq ft the listing gives.
Does 5228 First Line have parking or a garage?
Yes — the listing gives 22 parking spaces. Garage: Yes.
Does 5228 First Line have a basement, and is it finished?
The listing describes the basement as: Partial Basement.
