179 Rea Drive, Centre Wellington, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Fergus. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $975,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 4 Bathrooms
- Generous living space spanning 2500-3000 sqft on a premium 41.08 x 110 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- Efficient forced air heating via gas
Description
Beautiful 5-bedroom, 4-bathroom home in the heart of Fergus, offering approximately 2,700 sq ft of living space on a premium corner lot. Features a double door entry leading to a bright foyer and main floor den/office. Functional layout with formal dining room, spacious great room, and modern kitchen designed for seamless living and entertaining. Second floor includes 5 generously sized bedrooms and 3 full bathrooms. Primary bedroom features a walk-in closet with double racks and a 5-piece ensuite with double sinks, glass shower, and separate soaker tub. One bedroom includes a private ensuite, while others share a Jack & Jill bathroom. Unfinished basement with builder-provided separate side entrance offers excellent potential for future development or in-law suite. Located across from a future park, providing added privacy and long-term value. Ideal for families seeking space and functionality.
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Pricing & Value Insights
Data-driven valuation for 179 Rea Drive, Centre Wellington, ON N1M 0H1
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About Purchasing a Home in Centre Wellington, ON
For a property listed at $975,000 in Centre Wellington, the legal minimum down payment is $72,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $15,975 for this transaction. As this listing is in Centre Wellington (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $15,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.