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Property Type: Detached HouseOwnership: Freehold
297 HERRICK STREET N
Centre Wellington (Fergus), ON N1M2C9
MLS® X13690658
$614,900
3 bed2 bath5 parking
Amenities
Also listed: Fireplace(s)
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 64.1 x 79.8 FT
- Frontage
- 64.1 feet
R2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,602.31 (2026)
Interior
- Basement
- Finished, Full, Separate entrance, N/A, N/A
- Heating
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Kitchen | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Living room | Basement | — |
| Kitchen | Basement | — |
| Bedroom 3 | Basement | — |
Description
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. (id:63161)
Listing Information
- MLS®
- X13690658
- Tax assessment year
- 2026
- Data last synced
- October 21, 2026
Keller Williams Home Group Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Keller Williams Home Group Realty
MLS® Number: X13690658
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 OnePoint Association of REALTORS®.
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
Restaurants (5+)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.9% ($36,490) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$491,920.00
Periodic payment — Principal & Interest (monthly)$3,173.70
Additional monthly expenses (condo fees, tax, utilities, etc.)$300.19
Total monthly cost$3,473.89
Interest paid over 5-yr term$140,985.69
Balance at end of term$442,483.63
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$36,490
Stress test qualifying rate8.19%
Payment you must qualify for$4,484.84
Cash Needed at Closing
Minimum down payment$36,490
Estimated Land Transfer Tax (LTT)$8,773
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,763
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.
