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Property Type: Condo / ApartmentOwnership: Condominium
200 RIVER Street Unit# 405
Fergus, ON N1M3H8
MLS® 40870716
60
Walk Score
45
Bike
$599,000
2 bed1 bath1 parking1,140 sqftBuilt 1985
60
Walk Score
45
Bike
Amenities
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
R4
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $517/mo
- Annual property tax
- $3,039
Maintenance Fee Includes
Also included: Common Area Maintenance, Landscaping, Insurance, Parking
Interior
- Basement
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 14'4'' x 9'4'' |
| Primary Bedroom | Main level | 17'6'' x 11'1'' |
| 4pc Bathroom | Main level | 5'0'' x 7'10'' |
| Utility room | Main level | 5'0'' x 8'10'' |
| Office | Main level | 8'5'' x 9'3'' |
| Kitchen | Main level | 13'8'' x 10'10'' |
| Living room | Main level | 19'10'' x 20'1'' |
Description
Welcome to Briarlea Place, a bright, top-floor 2-bedroom, 1-bathroom condo in the heart of Fergus. This adult lifestyle building (55+) is perched on the fourth floor with southwest exposure. The ~1,140 sq ft home is filled with natural light, including a skylight over the open-concept living space. The layout lives large: a spacious primary bedroom with walk-in closet and room for a sitting or office area, a second bedroom ideal for guests or working from home, and an open living/dining area that flows through sliding doors to a private balcony, perfect for morning coffee or evening sunsets. Practical perks include in-suite laundry, generous storage, and one parking space. Building amenities include a pool, sauna, shower and lounge. It’s a non-smoking building, all at the end of a quiet cul-de-sac, steps from Confederation Park, the Grand River and its trails, and minutes from downtown Fergus. One of Fergus’s most established condo communities. Don’t miss this one. (id:63159)
Listing Information
- MLS®
- 40870716
- Data last synced
- October 20, 2026
RED AND WHITE REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RED AND WHITE REALTY INC.
MLS® Number: 40870716
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
$525/sqft
Building average
—
No other active listings in this building
53 - Fergus average
$424/sqft
2 active listing(s)
Parking: 1 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.8% ($34,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$479,200.00
Periodic payment — Principal & Interest (monthly)$3,091.64
Additional monthly expenses (condo fees, tax, utilities, etc.)$827.25
Total monthly cost$3,918.89
Interest paid over 5-yr term$137,340.10
Balance at end of term$431,041.95
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$34,900
Stress test qualifying rate8.19%
Payment you must qualify for$4,373.89
Cash Needed at Closing
Minimum down payment$34,900
Estimated Land Transfer Tax (LTT)$8,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$44,855
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.