245 Scotland Street, Unit 2, Centre Wellington, ON

$564,900
MLS#:X12010055
2 beds
1 baths
1000-1199 sqft
1.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on April 14, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Fergus. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $564,900 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.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 1000-1199 sqft
  • 1.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Water Purifier, Carpet Free, Water Softener
  • equipped with central air central cooling and highly efficient heat pump heating via gas

Description

Located in a wonderful area of Fergus, just steps to the Grand River and walking trails, this spacious unit (1079 sq ft) is ready and waiting for its new owners to enjoy! Renovated throughout with all new flooring (no carpet), Kitchen extended with Thomasville Cabinets and Gleaming Quartz Counter and Breakfast Bar (2023), All new Appliances (2023), New Vanity, lighting and Tile Backsplash in Bathroom (2023), Pot Lighting in Den and Kitchen (2023), New Electrical Light Fixtures throughout (2023) and French Glass Doors in Den (2023). Very spacious principal rooms give this unit a wide open feel! The Bedroom is large enough to accommodate King Size Furniture with room to spare for a cozy sitting area. The Den is a perfect spot for office, craft room or spare bedroom with Double French Glass doors for privacy. Wonderful Low Rise building features a welcoming entrance area to gather with friends and family, wide hallways, Party Room, Exercise room, Roof top Patio with Barbeques and Billiard Area.

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Property Summary

This condo apartment located at 245 Scotland Street, Centre Wellington is currently for sale and has been available on SousaSells for 494 days. This property is listed at $564,900 with an estimated mortgage of $1,880* per month. It has 2 beds, 1 bathroom, and is 1000-1199 square feet. 245 Scotland Street, Centre Wellington is in the Fergus neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateApril 14, 2025
Sold price information is available to members only
Listed Date3/10/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyWellington
Annual Tax$3,269.48

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Interior Features

Water Purifier, Carpet Free, Water Softener, Separate Heating Controls

Security Features

Community Features

Virtual Tours

Location

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245 Scotland Street, Unit 2, Centre Wellington, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 245 Scotland Street 202, Centre Wellington, ON N1M 0B5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Centre Wellington.

Configure Loan Settings

Interest Rate4.00%
Down Payment$169,470 (30.0%)
* Minimum Canadian down payment required for this price is $31,490.
Amortization Period30 Years
Estimated Monthly Payment$1,880Based on a loan of $395,430 over 30 years.
Purchase Price$564,900
Loan Amount$395,430
Provincial Land Transfer Tax:$7,773
Total Estimated Closing Taxes:$7,773

About Purchasing a Home in Centre Wellington, ON

For a property listed at $564,900 in Centre Wellington, the legal minimum down payment is $31,490 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 $7,773 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 $7,773.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Fergus, Centre Wellington.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$851,899

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

No elementary schools data loaded.

Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.