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Property Type: Detached HouseOwnership: Freehold
11 CHERRYWOOD Lane
Fergus, ON N1M2W3
MLS® 40843608
$2,049,000
3 bed4.5 bath4 parking4,298 sqftBuilt 2024
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 77 feet
R1A-70-2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $1
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Recreation room | Basement | 10'0'' x 23'0'' |
| Media | Basement | 13'0'' x 13'0'' |
| 3pc Bathroom | Basement | — |
| Gym | Basement | 9'0'' x 17'0'' |
| Loft | Second level | 11'6'' x 21'6'' |
| 4pc Bathroom | Second level | — |
| Bedroom | Second level | 10'6'' x 12'6'' |
| Bedroom | Second level | 12'0'' x 12'6'' |
| 5pc Ensuite bath | Second level | — |
| Primary Bedroom | Second level | 14'0'' x 20'6'' |
| 2pc Bathroom | Main level | — |
| Office | Main level | 8'0'' x 8'6'' |
| Kitchen | Main level | 8'6'' x 20'6'' |
| Dining room |
Description
Exceptional 3317sqft model home W/3 bdrms, 4 baths & level of design rarely seen in homes. From premium energy-efficient building to one-of-a-kind architectural details, every finish has been meticulously selected to create a home that feels unforgettable. Home makes immediate impression W/striking exterior, copper metal detailing, 2-car garage, landscaping & hardscaping. Step inside to 2-storey foyer W/live plant wall, preserved 2-storey trees, custom rockwork & B/I drainage. Open-concept living offers seamless indoor-outdoor flow W/engineered hardwood, large windows & beautiful views. Kitchen W/sleek cabinetry, S/S appliances, Dekton porcelain countertops & backsplash. Waterfall island with P/O harvest table creates perfect spot for meals & morning coffee. Access to covered outdoor living area makes entertaining effortless. B/I coffee bar W/beverage fridge & B/I dog bowl in kitchen island. Bright den/office W/large windows, 2pc bath W/crystal rock display & mudroom with B/I storage & bench. Upstairs an open gallery overlooks main floor creating beautiful lounge-style space. Primary bdrm with W/I closet with custom B/Is incl. safe deposit boxes. Ensuite W/soaker tub, floating dbl vanity, W/I glass shower. 2 add’l bdrms W/large windows & dbl closets. Jack-&-Jill bath W/quartz vanity & glass shower. Finished bsmt W/theatre room, 3pc bath & rec area W/bar. Fitness room W/padded floor, mirrored wall & water bottle filler. Wraparound covered deck offers 899sqft of outdoor space, fireplace, multiple lounge & entertaining areas. Glass railings offer unobstructed views of greenspace & grassy yard offers room for kids & pets to play. Set in peaceful location just mins from Fergus amenities, this home also places you close to Elora-one of Ontario’s most picturesque destinations known for old-world charm, shops, restaurants, trails, Grand River & Elora Gorge. This home reflects intention, craftsmanship & design to be experienced & appreciated (id:63161)
Listing Information
- MLS®
- 40843608
- Data last synced
- October 25, 2026
Re/Max Real Estate Centre Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Re/Max Real Estate Centre Inc.
MLS® Number: 40843608
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 Cornerstone Association of REALTORS®.
Values & Trends
This listing
$477/sqft
Building average
—
No other active listings in this building
53 - Fergus average
$450/sqft
7 active listing(s)
Parking: 4 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm 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 (2)
Similar Listings Nearby
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($409,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,639,200.00
Periodic payment — Principal & Interest (monthly)$10,575.56
Additional monthly expenses (condo fees, tax, utilities, etc.)$215.08
Total monthly cost$10,790.65
Interest paid over 5-yr term$469,799.43
Balance at end of term$1,474,465.70
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$409,800
Stress test qualifying rate8.19%
Payment you must qualify for$12,709.93
Cash Needed at Closing
Minimum down payment$409,800
Estimated Land Transfer Tax (LTT)$37,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$449,000
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.