The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Welcome to 540 Fallis Line, an exceptional country estate on 4.5 acres where luxury, comfort, and unforgettable family memories come together. Thoughtfully renovated and impeccably maintained, this is a home designed to be cherished for generations. The heart of the home is the spectacular custom kitchen featuring a professional-grade fridge and gas range with dual ovens, heat lamp and commercial hood, two massive islands with seating for 10, custom cabinetry, a pantry with built-in electrical outlets, bar fridge, and exceptional storage. The bright breakfast area walks out to the backyard, creating seamless indoor-outdoor living. The main floor also offers a private office (currently a music studio), elegant formal living and dining rooms with built-in cabinetry, and a stunning family room with soaring cathedral ceilings and a cozy gas fireplace. Just off the family room are the powder room, mud room, and access to the oversized garage. Upstairs are four spacious bedrooms, including a luxurious primary retreat with a beautifully renovated spa-inspired ensuite featuring a freestanding tub, glass shower, and double vanity. The finished basement adds a large recreation room with custom built-ins, wet bar, guest bedroom, and full bath. Major updates include conversion from oil to natural gas (2022), new A/C (2022), and the custom kitchen renovation (2022).Outside, enjoy your own private resort with an inground pool, expansive wraparound deck, gazebo, outdoor kitchen with wet bar, beautifully landscaped grounds, a charming she shed with its own deck, ample parking, and an oversized attached two-car garage with workshop space and convenient basement access. Offering the perfect blend of luxury, functionality, and peaceful country living just minutes from town, 540 Fallis Line is more than a home-it's a legacy property where generations of family and friends will create lasting memories.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$6,564/mo
Mortgage (principal + interest)$5,608
Property taxFrom listing: $11,475/yr$956
Minimum $124,900 down for this price; the slider moves in whole percent, starting at 9%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$299,800
Ontario land transfer taxProvincial brackets, no first-time refund$26,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$329,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Cavan Monaghan has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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.
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