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307 1ST AVENUE S
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Beds
3
Baths
3
Sqft
—
Year
—
Type
Single Family
On market
120d
A rare opportunity to own a newly built custom home in the welcoming community of Chesley-with HST already included in the price. Thoughtfully designed and filled with natural light, this home offers a modern, functional layout suited to everyday living and relaxed entertaining. The main level features an open, airy design where the kitchen, dining, and living areas connect seamlessly. A spacious center island provides casual seating and ample prep space for busy mornings or hosting friends. Patio doors from both the dining area and the primary bedroom extend the living space outdoors to a generous rear deck-ideal for quiet evenings or summer gatherings. The primary bedroom includes a walk-in closet and a stylish 3-piece ensuite with a soaker tub. A second well-sized bedroom, a full 4-piece bath, convenient main-floor laundry, and a mudroom with direct access to the heated, insulated oversized single-car garage complete this level. The walk-out lower level significantly expands the home's versatility, offering a large family room with backyard access, a third bedroom, a flexible den ideal for a home office or guest space, and an additional full bathroom. With its separate walk-out and generous layout, this level could lend itself well to an in-law suite or the potential for a more self-contained living area, creating future income or multi-generational living possibilities (subject to buyer due diligence). Located in a friendly small-town setting, Chesley offers excellent amenities including schools, parks, river trails, a community pool and splash pad, arena, curling club, tennis courts, and everyday essentials just minutes away. Backed by a full Tarion warranty, this brand-new home delivers confidence, comfort, and modern convenience-an ideal choice for families or those seeking flexible living options in a vibrant community. Some photos are virtually staged. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Utility room | 4.72 × 4.06 meters | |
| Bathroom | 1.63 × 3.23 meters | |
| Family room | 7.57 × 7.21 meters | |
| Den | 4.06 × 4.39 meters | |
| Bedroom 3 | 3.48 × 4.7 meters |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 4.75 × 2.74 meters | |
| Bathroom | 2.82 × 2.62 meters | |
| Dining room | 4.75 × 2.95 meters | |
| Bathroom | 1.63 × 2.44 meters | |
| Living room | 5.36 × 4.67 meters | |
| Primary Bedroom | 4.5 × 4.37 meters | |
| Bedroom 2 | 3.35 × 3.81 meters | |
| Foyer | 2.64 × 3.18 meters | |
| Mud room | 4.06 × 1.55 meters |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-1.05%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,329
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Arran-Elderslie. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.