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C$899,999

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71 DASS Dr, Centre Wellington, Ontario, N1M 0H9

bedrooms 4 Bedroom
|
washrooms 3 Bathroom
|
garages 1 Garage

MLS - #X11898420

FOR Sale

Description

Welcome to 71 Dass Drive, a meticulously upgraded 4-bedroom, 3-bathroom home located in the desirable Storybrook Community, nestled between Elora and Fergus. Built just two years ago, this nearly 1,800 sq ft home comes with the added assurance of a **Tarion Warranty**, providing peace of mind for years to come. With its high-end finishes and smart design, this home is truly move-in ready. The chef-inspired kitchen is a highlight, featuring sleek quartz countertops, top-of-the-line stainless steel appliances, a convenient pot filler, and a striking backsplash. Throughout the main living areas, low-maintenance vinyl flooring creates a modern, cohesive feel. The master suite offers a serene retreat, complete with a custom wall design, a perfectly organized walk-in closet, and a luxurious, spa-like ensuite that has been fully renovated for the ultimate in relaxation. Additional upgrades throughout the home include motorized blinds, contemporary matte black door hardware, and smart home features like a smart thermostat and new windows. The full-height unfinished basement offers endless possibilities whether you envision a gym, home theater, or additional living space. Outside, the spacious backyard is an ideal spot for creating your own private haven. Conveniently located just minutes from Elora's vibrant arts scene, the beautiful Elora Gorge, the iconic Elora Mill, and a variety of local shops, cafes, and restaurants, this home offers the perfect mix of modern living and small-town charm. With easy access to schools, the amenities of Fergus, and a straightforward commute to Toronto, this home truly checks all the boxes.

Last check for updates

Property type

Detached

Style

2-Storey

Community

Fergus

Lot size

3,268 Sqft

Garage spaces

1

Home Overview

Basement information

Full, Unfinished

Virtual tour

Mls® #

X11898420

Building size

Status

Active

Property sub type

Taxes

$5,500

Tax year

2024

Maintenance fee

N/A

Year built

2023

Interior

# total bathrooms

3

# Full baths

3

# of above grade bedrooms

4

# of rooms

13

Family room available

No

Laundry information

Exterior

Construction materials

Stone

Other structures

# garage spaces

1

# parking spaces

1

Garage features

Attached

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Other

Amenities / Utilities

Cooling

Central Air

Heat source

Heat type

Forced Air

Sewers

Sewers

Location

Water source

Municipal

Area

Wellington

Community

Fergus

Community features

Hospital, , , , ,

Directions

Beatty Line N to Elliot Ave E. Right onto Dass Drive W

walking  Walk Score for 71 DASS Dr

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1. Determine the purchase price of the home.

2. Calculate the down payment (usually 5-20% of the purchase price in Canada).

3. Subtract the down payment from the purchase price to get the mortgage amount.

4. Choose a mortgage term (typically 5 years in Canada) and amortization period (usually 25-30 years).

5. Determine the interest rate (check current rates from Canadian lenders).

6. Use a mortgage calculator or formula to determine the monthly payment based on the mortgage amount, interest rate, and amortization period.

7. Factor in additional costs like property taxes, home insurance, and possibly mortgage insurance if the down payment is less than 20%.

8. Consider the impact of making accelerated bi-weekly payments instead of monthly payments to pay off the mortgage faster.

9. Review the total interest paid over the life of the mortgage.

10. Ensure the monthly payments fit within your budget, typically not exceeding 32% of your gross monthly income for housing costs.

Terms Explained

Home Value: The current market value or purchase price of the property.

Down Payment: The initial upfront portion of the total home purchase price paid by the buyer.

Mortgage Amount: The amount borrowed from a lender to purchase the home (Home Value minus Down Payment).

Interest Rate: The percentage charged by the lender for borrowing the money, usually expressed as an annual rate.

Mortgage Term: The length of time your mortgage agreement and interest rate are in effect (typically 1-5 years in Canada).

Amortization Period: The total length of time it will take to pay off the entire mortgage (usually 25-30 years in Canada).

Monthly Payment: The amount paid each month towards the mortgage, including principal and interest.

Principal: The original amount borrowed, which decreases as payments are made.

CMHC Insurance: Mortgage default insurance required for down payments less than 20% of the home's value.

Property Taxes: Annual taxes levied by local governments based on the property's assessed value.

Home Insurance: Coverage to protect the property against damage or loss.

Land Transfer Tax: A tax paid to the provincial government when purchasing a property.

Closing Costs: Additional expenses incurred when finalizing a home purchase (legal fees, inspections, etc.).

Prepayment Privileges: Options to pay extra towards the mortgage without penalties.

Fixed Rate Mortgage: A mortgage where the interest rate remains constant for the term.

Variable Rate Mortgage: A mortgage where the interest rate can fluctuate based on the prime rate.

Refinancing: The process of replacing an existing mortgage with a new one, often to take advantage of better terms or rates.

These terms are commonly used in mortgage calculations and discussions about home financing in Canada.
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