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Property Type: Detached HouseOwnership: Freehold
55 POVEY ROAD
Centre Wellington (Fergus), ON N1M2W3
MLS® X13879706
$949,900
4 bed5.5 bath4 parking
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 11 x 33.5 FT
- Frontage
- 11 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,015 (2025)
Interior
- Basement
- Finished, N/A
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Main level | — |
| Bathroom | Second level | — |
| Bathroom | Second level | — |
| Recreational, Games room | Basement | — |
| Dining room | Main level | — |
| Bathroom | Basement | — |
| Family room | Main level | — |
| Kitchen | Main level | — |
| Eating area | Main level | — |
| Bedroom | Second level | — |
| Bedroom 2 | Second level | — |
| Bedroom 3 | Second level | — |
| Primary Bedroom | Second level | — |
| Bathroom | Second level | — |
Description
Welcome to this magnificent 4-bedroom residence, an absolute showstopper offering an impressive 2,700 square feet of total refined living space designed for luxury living. Maintained as an extraordinary, pristine "pet-free from new" property, this exceptional home has been meticulously upgraded to cater to the most discerning of tastes. As you step inside, you are greeted by high-end laminate flooring flowing seamlessly across the main level, sophisticated valence mouldings on all floors, and a striking oak staircase with a rich maple finish. The heart of the home is a gourmet kitchen perfect for any culinary enthusiast, boasting a custom backsplash, stainless steel canopy hood fans, under-counter lighting, and top-tier appliances. The main living room is anchored by a cozy gas fireplace, creating an inviting space for relaxation. The luxury continues across the home's 5 bathrooms, all boasting premium upgraded vanities. Two bathrooms feature sleek one-piece toilets and modern fixtures, while the master ensuite serves as a private spa-like oasis with a luxurious tub, a handheld faucet, a custom tile niche, and a glass shower enclosure. The master bedroom itself includes a built-in electric TV package. For ultimate peace of mind, solar-powered outdoor security cameras guard the exterior. Structurally and mechanically superior, the home comes fully equipped with a 200-amp electrical service, a whole-house surge protector, an insulated garage ceiling, a central vacuum system, and a premium Lennox high-efficiency central air unit. The living space expands into a recently professionally finished basement featuring a large recreation room and a stylish 3-piece bathroom. An above-grade stacked washer and dryer add ultimate convenience. Outside, enjoy a beautiful, fully fenced backyard complete with an outdoor gas line ready for your summer BBQs. You will be thoroughly impressed when you see this premium home in person-don't delay! (id:63159)
Listing Information
- MLS®
- X13879706
- Tax assessment year
- 2025
- Data last synced
- October 9, 2026
LifeStyle International Realty Inc
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: LifeStyle International Realty Inc
MLS® Number: X13879706
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
Parks (5+)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.4% ($69,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$759,920.00
Periodic payment — Principal & Interest (monthly)$4,902.75
Additional monthly expenses (condo fees, tax, utilities, etc.)$501.25
Total monthly cost$5,404.00
Interest paid over 5-yr term$217,795.26
Balance at end of term$683,550.50
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$69,990
Stress test qualifying rate8.19%
Payment you must qualify for$6,822.59
Cash Needed at Closing
Minimum down payment$69,990
Estimated Land Transfer Tax (LTT)$15,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$86,963
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.
