200 River Street 405, Centre Wellington

$599,000
200 River Street 405

$599,000

New
7d
Condo Apartment1 Storey/Apt

200 River Street 405, Centre Wellington

Total Monthly Obligation $3,386

Beds
2
Baths
1
Park
1
Sqft
1000-1199
DOM
7d
Score
18
Yield
5.2%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Condo Apartment
MLS® Number-X14092706
Beds-2
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Oct 16, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,039 (2025)
Maintenance-$517/mo
Locker-Owned
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-Red And White Realty Inc.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Other
Possession-Flexible
Neighbourhood-Fergus
Title-Residential Condo & Other

No agent assigned

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.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,386/mo
Mortgage $2,416
Monthly Loss $2,751
Principal$636
Interest$1,780
Property Tax$253
Condo Fees$517
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
7.9%23
10-Year IRR
9.0%
Returns Index
12.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$30,888/yr
NOI
$16,156/yr
Net Cash Flow
-$1,070/mo
Cash Margin
-41.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
23.7/ 100

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

Comparables

Properties near 200 River Street 405

Time

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