Homula Realty Brokerage
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138 Main Street, Arran-Elderslie, ON N0H 2N0

5 beds · 3 baths · 2 kitchens · 14 rooms · 7 parking spaces · 1500-2000 sq ft · Laundry on the lower level level · Other
$659,900
Property tax
$3,400 / year

Welcome to this exceptional opportunity in a highly desirable family neighbourhood. This well-maintained 4-bedroom, 2-bath home offers both comfort and versatility, complemented by a self-contained 1-bedroom/1 bath in-law suite that is currently rented-providing immediate income potential or an ideal space for extended family. The main residence features a functional layout with generous living spaces, while numerous recent updates-including a new furnace (2025), air conditioning, water softener, and reverse osmosis system that ensures peace of mind and modern efficiency. Situated on a large lot along a picturesque, tree-lined street, the home offers a private and welcoming outdoor setting. The double attached garage is fully heated, making it perfect for year-round use. Sit and relax on the front & rear decks, and enjoy the peaceful in town setting. Truly move-in ready, this home is an excellent option for families, investors, or those seeking multi-generational living.

MLS number
X12990284
Type
Other
Status
Active
Bedrooms
5
Bathrooms
3
Postal code
N0H 2N0
Photos
45
Laundry
Lower Level level
154days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Glad Tidings Christian SchoolElementary and secondary404 mNot reported
Arran Tara Elementary School
Bluewater DSB
Elementary764 m6.1 / 10
61% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 456 people.

$74,000Median household income
75.7%Own their home
75%Detached houses
43.6Median age
4%Born outside Canada
10.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35410162 — the few blocks around this address, home to 456 people. It describes the area, not this property.

456Population
42.7Average age
2.3Household size
$98,000Average household income
$74,000Median household income
76%Own their home
24%Rent
5%Condominiums
4%Born outside Canada
11%University degree
$430,000Average home value
14%Low income
46%Not in the labour force
23%Never married
$10,000 to $14,9992%
$15,000 to $19,9994%
$20,000 to $24,9996%
$25,000 to $29,9996%
$30,000 to $34,9994%
$35,000 to $39,9992%
$40,000 to $44,9992%
$50,000 to $59,9996%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over25%
$100,000 to $124,9998%
$125,000 to $149,9996%
$150,000 to $199,9996%
$200,000 and over6%

Percentages are of the 260 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$131,980 · minimum here is $40,990
$2,921.89per month
Borrowed before insurance$527,920
Total borrowed$527,920
Interest over 25 years at 4.5%$348,648

If you rented it out

-$3,205.23per month out of pocket
Rent$0.00
Everything it costs to hold$3,205.23
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX Grey Bruce Realty Inc.. Listing data provided by the Toronto Regional Real Estate Board.