Investment land - 19.11 acres adjacent to existing residential subdivision in the hamlet of Ospringe at the intersection of Highway 124 & 125. 3 bedroom farmhouse, 2200 SqFt bank barn, 7200 SqFt coverall. Generate income while waiting on development. The opportunity is waiting for you. **EXTRAS** vendor financing available. Re-zoning and due diligence the responsibility of the buyer.
3 bedrooms, 1 bathroom, about 1,500 sq ft, works out to roughly $1,997 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 8863 Wellington 124 Rd
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
20 spaces
Basement
Full, Unfinished
Features & systems
Parking & garage
Parking spaces
20
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
8863 Wellington 124 Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13738452$2,995,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 8863 Wellington 124 Rd Compares to the Erin Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$14,714
/mo
based on the purchase price of $2,995,000
$599,000 cash
$2,396,000 financed
$2,018,061 total interest
Principal54%$2,396,000
Interest46%$2,018,061
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.
For homeowners nearby
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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 3–4 bed homes for sale in Erin around $3.0M.
Average days on market56Homes sold in about 56 days on average.
Sale-to-list ratio95.0%On average, homes sold below asking.
Active listings165Homes for sale here right now.
Median vs prior 90 days+1.7%Compared with May 16 – Aug 14, 2026: prices up.
Based on 74 sales from Aug 14 – Nov 12, 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 8863 Wellington 124 Rd
How much is 8863 Wellington 124 Rd listed for?
8863 Wellington 124 Rd is listed at $2,995,000 (MLS® X13738452). Summitly updates the price as soon as the MLS® record changes.
Is $2,995,000 a good price for 8863 Wellington 124 Rd?
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 8863 Wellington 124 Rd changed?
No — 8863 Wellington 124 Rd is still listed at its original asking price of $2,995,000.
How many bedrooms and bathrooms does 8863 Wellington 124 Rd have?
8863 Wellington 124 Rd has 3 bedrooms and 1 bathroom, with about 1,500–2,000 square feet of living space. It is a detached home in Erin.
How much would the monthly mortgage be on 8863 Wellington 124 Rd?
About $14,714 a month — principal and interest on $2,995,000 with 20% down ($599,000), 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 8863 Wellington 124 Rd compare with other homes in Erin?
Its asking price of $2,995,000 is about 226% above the median sold price in Erin over the last 90 days, $920,000, across 74 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 8863 Wellington 124 Rd been sold before?
Summitly has no earlier MLS® sale or lease of 8863 Wellington 124 Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 8863 Wellington 124 Rd?
8863 Wellington 124 Rd is in Erin, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 8863 Wellington 124 Rd been on the market?
71 days — 8863 Wellington 124 Rd was listed on September 2, 2026.
What is the price per square foot of 8863 Wellington 124 Rd?
About $1,498 to $1,997 per square foot: the asking price of $2,995,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 8863 Wellington 124 Rd have parking or a garage?
Yes — the listing gives 20 parking spaces.
Does 8863 Wellington 124 Rd have a basement, and is it finished?
The listing describes the basement as: Full, Unfinished.
