Brand New 2024 Bungalow with Walkout Basement in Chesley

Property details for 307 1st Avenue S, Arran Elderslie

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 3
Lot Size: 69.7 x 230 FT
Stories: 1
Basement: Finished, Walk out, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Stone, Vinyl siding
Ownership: Freehold
Annual Taxes: $274

Fresh off the builders, this 2024 custom bungalow is the one you've been waiting for. Inside, the main floor is all open concept, with the family room, kitchen, and dining area flowing into each other, so you can keep an eye on things while you cook. The primary suite is a quiet retreat, complete with a walk-in closet and a 3-piece ensuite with a deep soaker tub. There's a second bedroom, a full 4-piece bath, and main-floor laundry that actually makes sense. Downstairs, the walkout basement is full finished, adding another bedroom and a 3-piece bathroom. That gives you a total of 3 bedrooms and 3 baths across 1,500 sqft (approx.), with room for guests or an in-law setup. You'll also find a mudroom off the garage entrance, which is a lifesaver in winter. The whole house runs on natural gas forced air, with central air for summer. Outside, the yard is just over a third of an acre, and the stone and vinyl exterior keeps it low maintenance. You're a 5-minute walk to Biermans Bar & Grill, and the school is only 2 km away. Taxes are just 273.9 a year, and the price includes HST. It's listed at 679k, which is above the area median of 585k, but you're paying for new construction with a full Tarion warranty.

About 307 1st Avenue S, Arran Elderslie — Property Score

Feature Rich

Score: 60/100

Value

Priced 36.1% above area median of $499,000 based on 21 comparable properties nearby 16

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - typical for similarly priced homes 60

3 bathrooms - 1 more than similarly priced properties nearby 72

16,031 sqft lot - an oversized lot for the area 90

Location

$52K median household income - below the Canadian average of $70K 56

66% of residents hold postsecondary credentials - a highly educated neighbourhood 76

77% homeownership rate - indicating a stable, owner-occupied community 84

74% of residents commute under 30 minutes - excellent commuter accessibility 89

50/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 51 days on market 100

-36.3% median price change over 1 month - declining prices in the area 1

38 months of housing supply - 38 active listings with 1 sold last month (buyer's market) 40

Features

4-car garage - area average is 5.3 spots 95

Finished, Walk out, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.04% effective tax rate ($273/yr) - very low tax burden 99

-28.8% area price change year-over-year - significant price correction in Arran Elderslie 1

23% renter population - primarily owner-occupied area 58

Quality

Condition

Listing

35 photos provided - below the area average of 38 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.