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Property Type: Detached HouseOwnership: Freehold
996 SCOTLAND STREET
Centre Wellington (Fergus), ON N1M2W5
MLS® X13616002
$8,500,000
4 bed2 bath20 parking
Amenities
Also listed: Fireplace(s)
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 862 x 1880 FT
- Frontage
- 862 feet
AG
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,161.42 (2026)
Interior
- Basement
- Partially finished, Full
- Heating
- Forced air, Propane
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Main level | — |
| Bedroom | Second level | — |
| Primary Bedroom | Second level | — |
| Cold room | Basement | — |
| Recreational, Games room | Basement | — |
| Utility room | Basement | — |
| Dining room | Main level | — |
| Family room | Main level | — |
| Kitchen | Main level | — |
| Laundry room | Main level | — |
| Living room | Main level | — |
| Mud room | Main level | — |
| Bathroom | Second level | — |
| Bedroom | Second level | — |
Description
A rare opportunity to secure one of Centre Wellington's most significant strategic landholdings. Encompassing approximately 107 acres, including 75 workable acres, this exceptional property is immediately adjacent to the Centre Wellington Settlement Area Boundary, placing it in a highly desirable location where future growth and development are anticipated. As Centre Wellington continues to experience strong residential and commercial expansion, the demand for additional lands to accommodate long-term growth is expected to continue. With existing neighbourhoods located nearby and municipal infrastructure advancing toward the south end of Fergus, this property is exceptionally positioned as a potential future expansion area. Properties bordering an established settlement boundary are increasingly scarce, making this an outstanding opportunity to invest in a substantial landholding with significant long-term upside. In the meantime, the property offers an exceptional rural lifestyle and productive agricultural operation. The beautifully restored 3,810 sq. ft. stone home has been thoughtfully updated while preserving its historic character and features 4 bedrooms, 2 bathrooms, spacious living areas, and quality craftsmanship throughout. Complementing the residence is a remarkable early 1900s bank barn, large drive shed, and mature wood lot. Whether your vision is to enjoy a distinguished country estate, continue farming, or acquire a premier investment property with exceptional future potential, this offering represents a unique opportunity to own a landmark farm in one of Wellington County's most sought-after growth corridors. Large, contiguous land parcels in this location rarely become available, making this a legacy investment for today and the generations ahead. (id:63159)
Listing Information
- MLS®
- X13616002
- Tax assessment year
- 2026
- Data last synced
- September 18, 2026
Keller Williams Home Group Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Keller Williams Home Group Realty
MLS® Number: X13616002
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+)
Similar Listings Nearby
No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,700,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$6,800,000.00
Periodic payment — Principal & Interest (monthly)$43,871.29
Additional monthly expenses (condo fees, tax, utilities, etc.)$596.79
Total monthly cost$44,468.08
Interest paid over 5-yr term$1,948,899.55
Balance at end of term$6,116,621.99
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$1,700,000
Stress test qualifying rate8.19%
Payment you must qualify for$52,725.44
Cash Needed at Closing
Minimum down payment$1,700,000
Estimated Land Transfer Tax (LTT)$198,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,900,475
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.