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Featured
Listed 5 months ago

5228 First Line

Rural Erin, Erin

$4,399,999

Detached|2-Storey
4 | 5 | 22
About this home

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.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age100+
Size5000 + sq. ft.
Property Tax$10,700
Lot Size467 ft x 2310.72 ft
mls© NumberX13132666
Listed ByCHESTNUT PARK REAL ESTATE LIMITED

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$22,521
Property tax
$892
Heat allowance
$150
Housing costs
$23,563 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $880,000
25-yr amortization

Income needed

$725,000

gross annual household income

Payment at 4%
$18,516 / mo
Cash down
$880,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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