DetachedOn market 161 days

5583 Third Line, Erin

Name: 5583 Third Line
SKU: X13131556
Price: 2999999 CAD
Availability: InStock

Erin, ON · · MLS® X13131556Updated July 24, 2026

$2,999,999Est. $14,738/mo mortgage

Bedrooms: 3
Bathrooms: 4
Living space: 3000–3500sq ft
Parking spaces: 30

Type Detached
Garage Yes
Basement Finished, Finished with Walk-Out

What you should know

5583 Third Line is a 3-bedroom, 4-bathroom detached home in Erin, listed for $2,999,999. It has 3000-3500 sq ft of living space.

Welcome to ERIN, Ontario and 5583 Third Line - a stunning custom-built country estate where craftsmanship, modern luxury, and efficiency meet.
The main-floor primary suite offers a spa-inspired ensuite and walk-in closet, providing a luxurious retreat with views of the surrounding countryside.
Upstairs, a private second-level suite includes a spacious bedroom, den, and full ensuite - perfect for guests or extended family.

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3 Bed, 4 Bath Detached Home in Erin

About 5583 Third Line

Welcome to ERIN, Ontario and 5583 Third Line - a stunning custom-built country estate where craftsmanship, modern luxury, and efficiency meet. Built in 2021, this exceptional bungaloft residence was built with insulated concrete form (ICF) construction for superior energy efficiency, durability, and comfort - a true standout in today's market. The thoughtfully designed main level showcases an open-concept layout with soaring ceilings, wide-plank flooring, and abundant natural light. The gourmet kitchen features premium cabinetry, quartz countertops, a large island, and seamless flow to the dining and great room - ideal for entertaining or quiet family evenings. The main-floor primary suite offers a spa-inspired ensuite and walk-in closet, providing a luxurious retreat with views of the surrounding countryside. Upstairs, a private second-level suite includes a spacious bedroom, den, and full ensuite - perfect for guests or extended family. The fully finished lower level expands the living space with a 2-bedroom, 2-bathroom in-law suite complete with its own kitchen, living area, and walkout to the backyard. Additional lower-level highlights include a home theatre, exercise room, and ample storage. For the hobbyist or business owner, this property delivers unparalleled versatility: an attached 4-car garage with 16-foot ceilings plus a 40' x 65' detached shop, also constructed with ICF, featuring a loft for added workspace or storage. Set on a private, scenic lot in the rolling hills of Erin, this property combines rural tranquility with sophisticated living - just minutes from town amenities and an easy commute to the GTA, Guelph, and Georgetown. Built to the highest standards and designed for modern multi-generational living, 5583 Third Line is more than a home - it's a lifestyle statement.

3 bedrooms, 4 bathrooms, about 3,000 sq ft, works out to roughly $1,000 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 5583 Third Line

Every detail from the listing, in one place.

Type: Detached
Style: 1 1/2 Storey
Living space: 3000-3500 sq ftas stated on the listing
Parking: 30 spacesYes garage
Basement: Finished, Finished with Walk-Out

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 30

Interior

Basement: Finished · Finished with Walk-Out

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 1 1/2 Storey
Property class: Detached

5583 Third Line Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

May 14, 2026For saleListedThis listingMLS® X13131556$2,999,999

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 5583 Third Line Compares to the Erin Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 132 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Erin market, last 90 days

Median sold price: $955,000
Average sold price: $1,111,976
Average days on market: 51
Homes sold: 79

Closed sales on the TRREB MLS®.

Full Erin market report

Recently sold nearby in Erin

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home5583 Third Line 3 bd · 4 ba · 3,000 sqft	$2,999,999asking	$1,000	—	—
3 Dundas Street 3 bd · 2 ba · 1,500 sqft
9572 Wellington 22 Road 3 bd · 2 ba · 2,000 sqft
19 Mccullogh Drive 3 bd · 2 ba · 2,000 sqft
5527 Trafalgar Road 3 bd · 2 ba · 1,100 sqft
90 McGill Avenue 4 bd · 3 ba · 2,000 sqft
144 Wheelock Street 4 bd · 3 ba · 1,500 sqft

3 Dundas Street
3 bd · 2 ba · 1,500 sqft
9572 Wellington 22 Road
3 bd · 2 ba · 2,000 sqft
19 Mccullogh Drive
3 bd · 2 ba · 2,000 sqft
5527 Trafalgar Road
3 bd · 2 ba · 1,100 sqft
90 McGill Avenue
4 bd · 3 ba · 2,000 sqft
144 Wheelock Street
4 bd · 3 ba · 1,500 sqft

Living in Erin: Location & Amenities

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Costs, Mortgage & Rental Return for 5583 Third Line

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $14,738; 20% down · 25 years · 5.5% assumed
Property tax: $1,650; 0.66% mill rate · ON
Total per month: $16,388; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$14,738

/mo

based on the purchase price of $2,999,999

Down payment20%

$600,000 cash

Amortization25 yr

$2,399,999 financed

Rate5.50%

$2,021,429 total interest

Principal54%$2,399,999

Interest46%$2,021,429

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

low–high

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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Listing brokerage: Century 21 Miller Real Estate Ltd., BrokerageMLS® X13131556 · Listing data last updated July 24, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

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.

For sale· listed May 13· $1,000/sq ft

Estimated monthly mortgage$14,738/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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