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Property Type: Detached HouseOwnership: Freehold
255 REA DRIVE
Centre Wellington (Fergus), ON N1M0K1
MLS® X13005292
$898,999
4 bed4.5 bath6 parking
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 36 x 108.2 FT
- Frontage
- 36 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,606 (2026)
Interior
- Basement
- Unfinished, Crawl space
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Family room | Main level | — |
| Kitchen | Main level | — |
| Eating area | Main level | — |
| Living room | Main level | — |
| Primary Bedroom | Second level | — |
| Bedroom 2 | Second level | — |
| Bedroom 3 | Second level | — |
| Bedroom 4 | Second level | — |
| Laundry room | Second level | — |
Description
Step into refined elegance at 255 Rea Drive - a stunning 4-bedroom, 4-bathroom residence nestled in Fergus's newest upscale, family-friendly community. Surrounded by top-tier amenities including shopping, fitness centres, and fine dining, this home offers a lifestyle of both convenience and sophistication. Built by Storybook Homes and completed in August 2024, this newly built masterpiece showcases exceptional craftsmanship and modern architectural design. The open-concept main floor is thoughtfully curated with expansive living spaces, designer finishes, and a show-stopping gourmet kitchen featuring upgraded fixtures - perfect for hosting elegant gatherings or enjoying everyday luxury. Retreat upstairs to your grand primary suite, a private sanctuary designed for comfort and indulgence. Three additional spacious bedrooms provide versatility for family, guests, or a stylish home office setup. With four beautifully appointed bathrooms, including a sleek main-floor powder room, every detail in this home reflects elevated living and timeless style. Experience comfort. Welcome home. (id:63159)
Listing Information
- MLS®
- X13005292
- Tax assessment year
- 2026
- Data last synced
- September 15, 2026
LUXE HOME TOWN REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: LUXE HOME TOWN REALTY INC.
MLS® Number: X13005292
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.
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No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 7.2% ($64,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$719,199.00
Periodic payment — Principal & Interest (monthly)$4,640.03
Additional monthly expenses (condo fees, tax, utilities, etc.)$550.50
Total monthly cost$5,190.53
Interest paid over 5-yr term$206,124.50
Balance at end of term$646,921.83
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$64,900
Stress test qualifying rate8.19%
Payment you must qualify for$6,467.39
Cash Needed at Closing
Minimum down payment$64,900
Estimated Land Transfer Tax (LTT)$14,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$80,855
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.