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.
Two Lots Available: Opportunity is knocking with premium 16.5 x 26 metre (approximately 54' x 85') building lots ideally located on Steele Street - just off Sideroad 18 in Fergus. Soaring evergreens on the bordering property provide a lovely backdrop, offering the perfect blend of an established and peaceful residential setting in a wonderful community with convenient access to everything Centre Wellington has to offer. The initial planning has already been done for you with municipal services at the road and a development agreement in place including conceptual servicing/grading plans, storm water management brief, GRCA review and more. Unlike many other vacant lots in the area, this property is not subject to GRCA (Grand River Conservation Authority) regulations, significantly simplifying the planning and building process.The R1C - Residential zoning permits a detached single-family dwelling along with customary residential accessory uses, making it an ideal location for your forever home or a quality investment property. With the recent changes providing HST relief to buyers of new constructions, custom home builders may be particularly interested in the adjacent lot as well (listed separately). Whatever your vision may be, this property provides an excellent opportunity to bring it to life with added confidence and convenience. Enjoy all that Fergus & Elora have to offer, including historic downtown shops and restaurants, excellent schools, parks, walking trails, the Grand River, the Cataract Trail, and a vibrant community known for its small-town charm and easy access to Guelph, Kitchener-Waterloo, and Highway 6.
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
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$1,231/mo
Mortgage (principal + interest)$1,231
Minimum $16,450 down for this price; the slider moves in whole percent, starting at 5%. 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$65,800
Ontario land transfer taxProvincial brackets, no first-time refund$3,410
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$72,010
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.
