245 Scotland Street, Unit 6, Centre Wellington, ON

$399,900
MLS#:X9510060
0 beds
1 baths
600-699 sqft
1.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Bachelor/Studio common element condo located in the coveted neighborhood of Fergus. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $399,900 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.

  • 0 Bedrooms and 1 Bathroom
  • Generous living space spanning 600-699 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free, Primary Bedroom - Main Floor, Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Say Goodbye to Renting Your First Home Awaits at Pierpoint Place! This charming studio apartment is your perfect chance to step into homeownership and start building your own equity. Located in the heart of a vibrant community, this bright unit with northeast exposure features hardwood and tile floors, a spacious kitchen, and the convenience of in-suite laundry. Pierpoint Place, built in 2013, offers incredible amenities that make living here a breezeenjoy access to a fully equipped gym, party room, lounge with a pool table, and a rooftop patio complete with BBQsall included in your affordable monthly maintenance fee. The location is a dream, just steps from the scenic Grand River and surrounded by shopping, dining, and recreation options. If you're ready to stop renting and start owning, this is your chance to call a sought-after building home at a price that doesn't break the bank!

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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 631 days. This property is listed at $399,900 with an estimated mortgage of $1,331* per month. It has 0 beds, 1 bathroom, and is 600-699 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

0
Bathrooms
1
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateNovember 5, 2024
Sold price information is available to members only
Listed Date10/23/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCommon Element Condo
Architectural StyleBachelor/Studio
ConstructionBrick, Stone
BasementNone
CountyWellington
Annual Tax$2,297.29

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Hospital, River/Stream, Wooded/Treed

Interior Features

Carpet Free, Primary Bedroom - Main Floor, Water Heater

Security Features

Community Features

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Location

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245 Scotland Street, Unit 6, 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 206, 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.

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Interest Rate4.00%
Down Payment$119,970 (30.0%)
* Minimum Canadian down payment required for this price is $19,995.
Amortization Period30 Years
Estimated Monthly Payment$1,331Based on a loan of $279,930 over 30 years.
Purchase Price$399,900
Loan Amount$279,930
Provincial Land Transfer Tax:$4,474
Total Estimated Closing Taxes:$4,474

About Purchasing a Home in Centre Wellington, ON

For a property listed at $399,900 in Centre Wellington, the legal minimum down payment is $19,995 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 $4,474 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 $4,474.

Similar Listings Nearby

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.