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.
A rare opportunity to own a spacious, well appointed and well-maintained family home with a completely separate, professionally constructed and stunning two level legal apartment - ideal for generating rental income or accommodating loved ones with plenty of room to grow. Ideally located in an excellent and established Fergus neighbourhood just steps from downtown, the Grand River, schools, sports fields, shopping and everyday amenities.The main home offers three spacious bedrooms, a large living room and separate dining area with a walkout to a newer poured-concrete patio, pretty pergola and an impressive, pool-sized backyard. The custom kitchen features beautiful cherry cabinetry, stainless steel appliances and plenty of counter and storage space. Under the newer carpeting, you'll find gorgeous refinished hardwood flooring throughout the living room, dining room and all three bedrooms. A separate entrance at the back of the house leads to the legal and charming accessory apartment boasting an abundance of storage/flex space, a bright main floor bedroom and on the lower level, a lovely living and dining area featuring a beautiful stone mantel equipped with a modern and convenient electric fireplace. The kitchen offers plenty of cabinet and counter space, stainless steel appliances as well as easy access to a private laundry room. Need a mortgage helper now with room to grow in future? This home's flexible design provides the ability to generate income whenever you need it or simply remove one small wall and easily convert it back to a single-family, four bedroom house. Brand new furnace, professionally painted throughout, new roof in 2021 and a freshly sealed driveway big enough to accommodate multiple vehicles along with your RV. Location, versatility and move in ready. This one has it all. Book your showing today.
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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$3,350/mo
Mortgage (principal + interest)$2,992
Property taxFrom listing: $4,295/yr$358
Minimum $54,990 down for this price; the slider moves in whole percent, starting at 7%. 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$159,980
Ontario land transfer taxProvincial brackets, no first-time refund$12,473
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$175,253
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.
