601 St Andrew Street E, Centre Wellington

$565,000
601 St Andrew Street E

$565,000

New
7d
Detached1 1/2 Storey

601 St Andrew Street E, Centre Wellington

Total Monthly Obligation $2,982

Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
7d
Score
20
Yield
5.4%
Cash on Cash
-1.4%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Detached
MLS® Number-X14101676
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-96.66 × 127 ft
Listed on site-Oct 16, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$3,931 (2025)
Parking-7 - Detached
Basement-Partial Basement, Walk-Out
Heating-Forced Air (Gas)
Brokerage-Royal LePage Royal City Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Wood
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Septic
Possession-Flexible
Neighbourhood-Fergus
Title-Residential Freehold

No agent assigned

Welcome to Tom Cottage, a circa 1837 property located on a premier large lot (95 X 127) in the quaint town of Fergus. Enjoy a country-like lifestyle surrounded by mature trees, perennial gardens and views of the Grand River. This idyllic location allows you to enjoy a quiet lifestyle but you can still walk downtown to shop or dine out. Come into the warm, cozy kitchen with all the charm of yesteryear and go out to the garden through the mudroom (laundry room) where you can putter all day in the garden and potting shed. The generous sized dining room, great for family dinners and entertaining, adjoins the kitchen. Step into the charming front room displaying the old wood cladding on the one wall. Large windows face east, west and south ushering an abundance of natural light and garden and river views. A flexible third bedroom/office and a four piece bathroom complete the main floor. Upstairs are two more pretty bedrooms featuring wide-plank pine flooring. An attached single car garage provides basement entry into the house while the detached 23' X 23' garage makes an ideal workshop for any handy person. John Black Public School is just up the road as is the Pierpoint Fly Fishing Nature Reserve, which provides free public access to the riverfront and walking trails. Move in and enjoy, renovate, add square footage, an ADU or build your dream home, this lot can accommodate all your plans (potential to sever with R2 zoning). Come explore all the possibilities!

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%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$452,000
Land Transfer Taxes$7,775
Legal Fees (Est.)
$
Total cash required for closing$122,275

Total Monthly Obligation

$2,982/mo
Mortgage $2,279
Monthly Loss $2,382
Principal$600
Interest$1,679
Property Tax$328
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.3%38
10-Year IRR
10.9%
Returns Index
19.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,600/yr
NOI
$19,109/yr
Net Cash Flow
-$687/mo
Cash Margin
-26.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
27.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 601 St Andrew Street E

Time

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