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131 2ND SW Avenue S, Arran-Elderslie, ON N0G 1L0

3+1 beds · 2 baths · 1 kitchen · 11 rooms · 2 parking spaces · 2000-2500 sq ft · Detached
$449,900
Property tax
$2,901 / year

The opportunity to own a beautiful 4 bedroom 2.5 storey Brick home In the heart of Chesley. Walking distance to the downtown core, Hospital and Parks. Walk into this spacious, home, with abundance of light streaming in through the beautiful large windows. the large kitchen, and spacious family room, with bar area , present it self very well for a family who loves to entertain. Children and pets a like will enjoy the spacious fenced in yard. 3 bedrooms and a large new 5 piece bath are found on the second floor and the 3 third floor hosts the primary suite. There is so much room, charm and character in this home you really need to see it.

MLS number
X13654838
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
2
Postal code
N0G 1L0
Photos
31
34days · this listing
34days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home 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
Chesley District Community School
Bluewater DSB
Elementary1.2 km6.1 / 10
61% met the standard
Bluewater Alternative Education School
Bluewater DSB
Secondary1.5 kmNot reported
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.

The market around this home

Detached houses in Arran-Elderslie120 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$443k$498k$553k20252026this home’s asking price
$480klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
95%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-2d50d103d20252026
60dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in arran-elderslie. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 522 people.

$52,000Median household income
50.9%Own their home
47.3%Detached houses
46Median age
4.3%Born outside Canada
12.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35410240 — the few blocks around this address, home to 522 people. It describes the area, not this property.

522Population
46.3Average age
1.8Household size
$60,000Average household income
$52,000Median household income
51%Own their home
49%Rent
0%Condominiums
4%Born outside Canada
12%University degree
$360,000Average home value
20%Low income
82%Not in the labour force
31%Never married
$10,000 to $14,9993%
$15,000 to $19,9993%
$20,000 to $24,99911%
$25,000 to $29,9998%
$30,000 to $34,9993%
$35,000 to $39,9995%
$40,000 to $44,9993%
$45,000 to $49,9996%
$50,000 to $59,99910%
$60,000 to $69,9995%
$70,000 to $79,9996%
$80,000 to $89,9995%
$90,000 to $99,9996%
$100,000 and over13%
$100,000 to $124,9995%
$125,000 to $149,9995%
$150,000 to $199,9992%
$200,000 and over2%

Percentages are of the 315 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.

$89,980 · minimum here is $22,495
$1,992.06per month
Borrowed before insurance$359,920
Total borrowed$359,920
Interest over 25 years at 4.5%$237,698

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$1,483.81per month out of pocket
Rent$750.00
Everything it costs to hold$2,233.81
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.