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Property Type: Condo / ApartmentOwnership: Condominium
305 - 245 QUEEN STREET W
Centre Wellington (Fergus), ON N1M3R6
MLS® X14099958
85
Walk Score
50
Bike
$399,900
2 bed2 bath1 parking
85
Walk Score
50
Bike
Property Details
Property & Lot
- Sub-type
- Apartment
R1B
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $635/mo
- Annual property tax
- $2,901 (2026)
Maintenance Fee Includes
Water
Also included: Common Area Maintenance, Insurance, Parking
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Main level | — |
| Bathroom | Main level | — |
| Bedroom | Main level | — |
| Dining room | Main level | — |
| Foyer | Main level | — |
| Kitchen | Main level | — |
| Laundry room | Main level | — |
| Living room | Main level | — |
| Primary Bedroom | Main level | — |
| Utility room | Main level | — |
Description
Welcome to Unit 305, a spacious riverside condo offering the perfect blend of comfort, convenience and tranquility in the heart of historic Fergus. This beautifully maintained 2 bedroom, 2 bathroom suite features 1,213 sq ft of thoughtfully designed living space, making it an ideal choice for those looking to downsize or enjoy a carefree, maintenance free lifestyle. The bridge, open layout offers generous living and dining areas, while the primary bedroom features a private 3 piece ensuite for added comfort and privacy. The second bedroom provides the flexibility to serve as a guest room, home office or hobby space. One of this homes most desirable features is its location overlooking the Grand River. Enjoy peaceful mornings on your private balcony with a coffee in hand as you take in the calming river views and the sounds of nature. Located just steps from downtown Fergus, you'll enjoy easy walking access to boutique shopping, local cafes, restaurants, pharmacies, parks and the many festivals and community events that make Fergus such a wonderful place to call home. Recent Updates include, Gas Furnace (2022) Central Air (2022) Windows and Patio door (2022). Monthly fees of 634.66, include, common elements, parking, building insurance and water/sewer. If you've been searching for a relaxed lifestyle in one of Centre Wellington's most sought after locations, Unit 305 offers the perfect opportunity to enjoy the best of riverside living. (id:63161)
Listing Information
- MLS®
- X14099958
- 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: X14099958
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: 5.0% ($19,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$319,920.00
Periodic payment — Principal & Interest (monthly)$2,064.02
Additional monthly expenses (condo fees, tax, utilities, etc.)$876.41
Total monthly cost$2,940.43
Interest paid over 5-yr term$91,689.99
Balance at end of term$287,769.07
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$19,995
Stress test qualifying rate8.19%
Payment you must qualify for$2,945.68
Cash Needed at Closing
Minimum down payment$19,995
Estimated Land Transfer Tax (LTT)$4,474
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,969
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.