40 7th Street SW, Arran-Elderslie, ON N0G 1L0
Arran-Elderslie · Near 7th Street SW & 1st Ave S, Chesley · View map
About this home
Character, charm and all the major updates already taken care of - for just $349,900! Set on a generous corner lot in Chesley, this beautifully updated all-brick bungalow combines the appeal of an older home with the comfort and convenience of modern improvements. Offering approximately 1,033 sq. ft. of main-floor living space, two bedrooms and one bathroom, the home is filled with details that give it personality, from the high ceilings and hardwood flooring to exposed brick accents, sliding barn doors and a clawfoot soaker tub. The spacious living and dining area offers plenty of room to gather, complete with a cozy gas fireplace, while the renovated kitchen and bathroom make this home turn-key. Beyond the beautiful workmanship, the big-ticket improvements have been completed. Electrical and plumbing were updated in 2020, along with new windows and exterior doors in 2021, and a new gas furnace in 2024. Main-floor laundry adds everyday convenience, while the expansive unfinished basement with separate exterior access provides exceptional storage space. Outside, the property features mature trees, a concrete driveway and walkway, covered rear deck and large garden shed. Located close to Chesley's schools, parks, hospital and everyday amenities, this home offers an appealing combination of style, value and affordability. Whether you're a first-time buyer, downsizer or simply someone who appreciates a home without a list of repairs, 40 7th Street SW is worth seeing. Immediate possession available.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 5
- Basement
- Unfinished, Walk-Out, Exposed Rock, Separate Entrance
- Lot size
- 99 x 86 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- Yes
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
- Parking features
- Private
Taxes & other
- Property taxes
- $2,568/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Flexible
- Cross street
- 7th Street SW & 1st Ave S, Chesley
- Neighbourhood
- Arran-Elderslie
More
- Price per sq ft
- ~$389 (at 900 sq ft)
- Listed
- Oct 19, 2026 · yesterday
- MLS® number
- X14094230
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The home and its surroundings
- Carpet Free
- Water Heater Owned
- Primary Bedroom - Main Floor
- Storage
- School
- Hospital
- Rec./Commun.Centre
- Library
- River/Stream
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
40 7th Street, Arran-Elderslie, ON N0G 1L0
Arran-Elderslie · Near 7th Street SW & 1st Ave S, Chesley
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Listing history for 40 7th Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 40 7th Street SW
Answers come straight from this home’s MLS® listing.
How much is 40 7th Street SW listed for, and what would it cost each month?
40 7th Street SW is listed for $349,900. With 20% down ($69,980), the mortgage payment would be roughly $1,411 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,625 a month, all in. That figure is an illustration, not a quote.
Is 40 7th Street SW freehold or a condo, and is there a monthly fee?
40 7th Street SW is a bungalow in Arran-Elderslie. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 40 7th Street SW have?
40 7th Street SW has 2 bedrooms and 1 bathroom.
Does 40 7th Street SW have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 40 7th Street SW have a finished basement?
The listing describes the basement as unfinished, walk-out, exposed rock, separate entrance. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 40 7th Street SW?
40 7th Street SW is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 40 7th Street SW, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 99 x 86 ft.
How is 40 7th Street SW heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 40 7th Street SW?
Property taxes are $2,568 a year (2026), or about $214 a month.
Where is 40 7th Street SW?
40 7th Street SW is in Arran-Elderslie. The nearest main intersection is 7th Street SW & 1st Ave S, Chesley. The postal code is N0G 1L0.
How long has 40 7th Street SW been on the market?
40 7th Street SW was listed on October 19, 2026. It has been on the market for 1 day. It is an active listing (MLS® X14094230). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 40 7th Street SW asking?
Similar bungalow-style homes for sale nearby right now include SW - 83 3rd Street at $399,900 (2 bed), 4 PALMER MARIE Lane at $434,900 (2 bed) and 2 - 2 Palmer Marie Lane at $449,900 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 40 7th Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 40 7th Street SW?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Arran-Elderslie, picked by style, size and price.
Bungalow$399,900SW - 83 3rd Street, Arran-Elderslie2 bed · 1 bath · Arran-ElderslieCourtesy of: Royal LePage D C Johnston RealtyView home →
Bungalow townhouse$434,9004 PALMER MARIE Lane, Arran-Elderslie2 bed · 2 bath · Arran-ElderslieCourtesy of: RE/MAX Grey Bruce Realty Inc.View home →
Bungalow townhouse$449,9002 - 2 Palmer Marie Lane, Arran-Elderslie2 bed · 2 bath · Arran-ElderslieCourtesy of: Wilfred McIntee & Co LimitedView home →Courtesy of: Royal LePage Exchange Realty Co.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.