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Property Type: Detached HouseOwnership: Freehold
98 REA DRIVE
Centre Wellington (Fergus), ON N1M0J8
MLS® X13743476
$1,175,000
5 bed5.5 bath4 parking
Amenities
Also listed: Fireplace(s)
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 106 x 150 FT ; 58.69x149.88 x 29.05 x 115.78 x 47.25 ft
- Frontage
- 106 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,100
Interior
- Basement
- Unfinished, Walk out, N/A, N/A
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Great room | Main level | — |
| Living room | Third level | — |
| Foyer | Main level | — |
| Eating area | Main level | — |
| Kitchen | 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 | — |
| Bedroom 5 | Third level | — |
Description
Welcome to this exceptional 5-bedroom, 5-bathroom family home in the heart of Fergus, where luxury, comfort, and modern functionality come together beautifully. From the moment you enter, you're greeted by a bright, sun-filled living space with soaring 10 ft ceilings that create an open and inviting atmosphere, ideal for both everyday living and entertaining. The upgraded kitchen is designed to impress, featuring granite countertops, ceramic backsplash, quality cabinetry, a range exhaust fan, and high-end stainless steel appliances that any home chef will appreciate. With two spacious levels plus an upgraded sun-filled loft, this home offers plenty of room for the whole family. Set on a beautifully landscaped ravine lot with over 105 ft of frontage, the property offers privacy, natural beauty, and standout curb appeal. Additional features include an attached double-car garage, driveway parking for up to four vehicles, and a fully functional walkout basement with a cold cellar room, offering excellent storage and endless potential for future customization. Located in a highly desirable neighbourhood, this home is just minutes from the hospital, scenic parks and trails, places of worship, and top-rated public, Catholic, and private schools, providing both everyday convenience and an exceptional lifestyle. (id:63159)
Listing Information
- MLS®
- X13743476
- Data last synced
- September 15, 2026
EXP REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: EXP REALTY
MLS® Number: X13743476
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 (5+)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.9% ($92,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$940,000.00
Periodic payment — Principal & Interest (monthly)$6,064.56
Additional monthly expenses (condo fees, tax, utilities, etc.)$675.00
Total monthly cost$6,739.56
Interest paid over 5-yr term$269,406.70
Balance at end of term$845,533.04
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$92,500
Stress test qualifying rate8.19%
Payment you must qualify for$8,393.42
Cash Needed at Closing
Minimum down payment$92,500
Estimated Land Transfer Tax (LTT)$19,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$113,975
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.
