Corner-lot bungalow with in-law suite near downtown Fergus

Property details for 297 Herrick Street N, Centre Wellington

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 64.1 x 79.8 FT
Stories: 1
Basement: Finished, Full, Separate entrance, N/A, N/A
Parking: Garage, Carport
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Wood, Brick
Ownership: Freehold
Annual Taxes: $3,602 (2026)

A 1.5-storey bungalow on a 64.1 x 79.8 ft corner lot packs a lot of flexibility. Walk out the front door and you're 0.5 km from Van Gali's Cafe, 0.7 km from Goofie Newfie Bar & Grill, and 1.1 km from The Breadalbane Inn. Downtown Fergus, the Grand River, and the Cataract Trail are all within a short stroll. The main floor has two bedrooms, an updated kitchen with newer appliances, a 4-piece bath, and laundry. Downstairs, there's a separate entrance leading to a full in-law suite with its own kitchen, living room, bedroom, and 3-piece bath. The block foundation and full finished basement mean solid bones. Updates include a 2021 furnace and A/C, a 2020 roof, and a carport roof from 2026. The exterior mixes wood and brick, and there's a garage plus carport, with parking for five. Natural light flows through, and the flat, irregular lot is carpet-free. It's zoned R2, so you could explore an accessory apartment. Taxes run $3,602 annually. Priced at $667,900, it's below the nearby median of $699,995, with 20 active listings in the area and homes selling in about 32 days. Good for first-timers, families, or investors. Commuters can reach Guelph, Kitchener-Waterloo, and the 401 with ease.

About 297 Herrick Street N, Centre Wellington — Property Score

Great Location Hot Market Well Priced

Score: 71/100

Value

Priced 23.7% below area median of $875,000 based on 85 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - typical for similarly priced homes 60

2 bathrooms - typical for similarly priced properties 60

5,115 sqft lot - a standard lot for the area 65

Location

$71K median household income - near the Canadian average of $70K 66

89% of residents hold postsecondary credentials - a highly educated neighbourhood 95

76% homeownership rate - indicating a stable, owner-occupied community 83

64% of residents commute under 30 minutes - excellent commuter accessibility 81

1,976/km² population density - a well-balanced suburban area 90

Market

Just listed - area average is 51 days on market 100

+103.3% median price change over 1 month - rising prices in the area 100

57.5 months of housing supply - 115 active listings with 2 sold last month (buyer's market) 40

Features

5-car garage - area average is 5.9 spots 95

Finished, Full, Separate entrance, N/A, N/A basement - adds valuable living space 85

standard forced air system 75

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.54% effective tax rate ($3,602/yr) - very low tax burden 84

26% renter population - primarily owner-occupied area 61

Quality

Condition

Listing

40 photos provided - below the area average of 42 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.