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Arran-Elderslie, Arran-Elderslie
$374,900
Great investment opportunity or ideal starter home in Chesley! Located on a quiet street within walking distance to downtown and local amenities. This structurally sound 1.5-storey home sits on a good-sized, deep lot with plenty of outdoor space to enjoy. The bright, open-concept main floor offers a welcoming layout, with a spacious island that creates the perfect spot for entertaining family and friends. Upstairs, you will find 3 bedrooms, a full bathroom with convenient laundry. Outside, the property features a good-sized shed with hydro, offering excellent storage or workshop potential. A new natural gas radiant boiler provides efficient comfort, while the unfinished basement offers plenty of additional storage space. A great opportunity for first-time buyers, investors, or anyone looking to get into the Chesley market.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 100+ |
| Size | 1100-1500 sq. ft. |
| Property Tax | $2,605 |
| Lot Size | 33 ft x 132 ft |
| mls© Number | X13469616 |
| Listed By | RE/MAX Grey Bruce Realty Inc. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,919
- Property tax
- $217
- Heat allowance
- $150
- Housing costs
- $2,286 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$70,000
gross annual household income
- Payment at 4%
- $1,578 / mo
- Cash down
- $74,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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