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Property Type: Detached HouseOwnership: Freehold
187 POVEY ROAD
Centre Wellington (Fergus), ON N1M0J7
MLS® X13778084
$750,000
5 bed3.5 bath2 parking
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 25 x 110 FT
- Frontage
- 25 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,503
Interior
- Basement
- Unfinished, N/A
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Description
Welcome to this beautifully maintained home located in one of Fergus's growing residential communities. This spacious and thoughtfully designed home offers a functional layout with modern finishes and everyday convenience. The main floor features a dedicated home office, ideal for today's work-from-home lifestyle, along with durable laminate flooring and an inviting open-concept living space. The well-appointed kitchen features stainless steel Samsung appliances, including a French-door refrigerator with water and ice dispenser and an over-the-range microwave. Convenient second-floor laundry adds to the practicality of the home.Enjoy the appeal of a growing Fergus community with access to parks, walking trails, schools, shopping, restaurants and recreational amenities nearby. Fergus offers a welcoming small-town setting with convenient access to Guelph and surrounding communities, making this an excellent opportunity for families, first-time buyers and investors alike. (id:63159)
Listing Information
- MLS®
- X13778084
- Data last synced
- September 15, 2026
KIC REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: KIC REALTY
MLS® Number: X13778084
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Location Insights
Weather
Nearest station: Kitchener-Waterloo
4°C
Mist
Humidity 97%
Wind N 4 km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Nearby Places
Parks (4)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.7% ($50,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$600,000.00
Periodic payment — Principal & Interest (monthly)$3,871.00
Additional monthly expenses (condo fees, tax, utilities, etc.)$291.92
Total monthly cost$4,162.91
Interest paid over 5-yr term$171,961.72
Balance at end of term$539,701.94
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$50,000
Stress test qualifying rate8.19%
Payment you must qualify for$5,427.62
Cash Needed at Closing
Minimum down payment$50,000
Estimated Land Transfer Tax (LTT)$11,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$62,975
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
