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.
Charming corner-lot bungalow with an in-law suite or potential for accessory apartment and an excellent location close to everything Fergus has to offer! This beautifully updated home offers an excellent opportunity for first-time buyers, multi-generational families, or investors looking for additional income potential. Situated on a mature, spacious corner lot on the north side of Fergus, the property is within walking distance to parks, schools, churches, shopping, the Cataract Trail, Historic Downtown Fergus and the scenic Grand River. The main level has been recently renovated and offers a bright, welcoming layout with a remodeled kitchen, newer appliances, two bedrooms, a tastefully updated bathroom with excellent storage, and convenient main-floor laundry. The lower level provides additional living space with a separate kitchen, living room, bedroom and 3-piece bathroom, making it ideal for an in-law suite, extended family member or potential mortgage helper. Numerous updates provide peace of mind, including a 2021 furnace and air conditioner, 2018 roof, 2026 carport roof, and appliances replaced within approximately the last three years. The mature corner lot provides plenty of outdoor space and curb appeal, with the added convenience of being close to local amenities. An excellent opportunity to get into the Fergus market with flexible living arrangements, recent updates and a location that puts many of the community's best amenities within walking distance. Easy access to Guelph, Kitchener-Waterloo, Milton and Highway 401 makes this a great option for commuters as well. Live in, accommodate family, or explore the potential for a mortgage helper, 297 Herrick Street N offers plenty of possibilities in a sought after Fergus location.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
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$2,600/mo
Mortgage (principal + interest)$2,300
Property taxFrom listing: $3,602/yr$300
Minimum $36,490 down for this price; the slider moves in whole percent, starting at 6%. 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$122,980
Ontario land transfer taxProvincial brackets, no first-time refund$8,773
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$134,553
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Centre Wellington 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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
