5489 Fourth Line is a land in Erin, listed for $1,150,000. It has < 700 sq ft of living space.
1Located just 10 minutes from the historic charm of Erin, this property offers a rare blend of rolling agricultural land and the quiet majesty of a mature mixed-hardwood forest.
2Imagine waking up to sweeping horizon views and private trail systems, paired with effortless commuter access just seconds from Highway 124.
86 ACRES IN THE HEART OF ERIN Escape to a landscape where 86 acres of breathtaking Ontario countryside become your private retreat. Located just 10 minutes from the historic charm of Erin, this property offers a rare blend of rolling agricultural land and the quiet majesty of a mature mixed-hardwood forest. Imagine waking up to sweeping horizon views and private trail systems, paired with effortless commuter access just seconds from Highway 124. The expansive parcel presents exceptional potential for a custom luxury estate, an equestrian haven, or a multi-generational compound-with potential scope for a primary residence, secondary dwelling, and accessory outbuildings/workshops.
works out to roughly $1,643 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.Ask Zara a follow-up
Inside 5489 Fourth Line
Every detail from the listing, in one place.
Type
Land
Living space
< 700 sq ftas stated on the listing
Features & systems
Lot & land
Lot size (sqft)
84.76
Listing & possession
Property class
Vacant Land
5489 Fourth 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® X13877078$1,150,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 5489 Fourth 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
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$5,650
/mo
based on the purchase price of $1,150,000
$230,000 cash
$920,000 financed
$774,881 total interest
Principal54%$920,000
Interest46%$774,881
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 PropTx or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from PropTx 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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Average days on market48Homes sold in about 48 days on average.
Sale-to-list ratio95.0%On average, homes sold below asking.
Active listings167Homes for sale here right now.
Median vs prior 90 days+8.0%Compared with Apr 11 – Jul 10, 2026: prices up.
Based on 85 sales from Jul 10 – Oct 8, 2026 (54 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 5489 Fourth Line
How much is 5489 Fourth Line listed for?
5489 Fourth Line is listed at $1,150,000 (MLS® X13877078). Summitly updates the price as soon as the MLS® record changes.
Is $1,150,000 a good price for 5489 Fourth 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 5489 Fourth Line changed?
No — 5489 Fourth Line is still listed at its original asking price of $1,150,000.
How many bedrooms and bathrooms does 5489 Fourth Line have?
5489 Fourth Line has about 700 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a lot in Erin.
How much would the monthly mortgage be on 5489 Fourth Line?
About $5,650 a month — principal and interest on $1,150,000 with 20% down ($230,000), 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 5489 Fourth Line compare with other homes in Erin?
Its asking price of $1,150,000 is about 20% above the median sold price in Erin over the last 90 days, $955,000, across 85 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 5489 Fourth Line been sold before?
Summitly has no earlier MLS® sale or lease of 5489 Fourth Line on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5489 Fourth Line?
5489 Fourth Line is in Erin, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5489 Fourth Line been on the market?
1 day — 5489 Fourth Line was listed on October 7, 2026.
What is the price per square foot of 5489 Fourth Line?
About $1,643 per square foot: the asking price of $1,150,000 over the 700 sq ft the listing gives.
What is the lot size of 5489 Fourth Line?
The lot is 74.995 acres, as published in the listing.
What is the land transfer tax on 5489 Fourth Line?
About $19,475 in Ontario land transfer tax at the asking price of $1,150,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
