A rare opportunity to step into a spacious yellow brick century home in the heart of Chesley.Built in 1910 and set on a mature lot measuring approximately 70 feet by 143 feet, this 4 bedroom, 2 bathroom home offers approximately 2,435 square feet above grade, giving buyers the kind of space, character, and flexibility that is increasingly hard to find at this price point.From the classic yellow brick exterior to the covered front entry, generous room sizes, and large newer rear deck, this home offers the chance to create something truly personal over time. The layout provides room for everyday living, hosting, working from home, or simply spreading out in a way that newer, smaller homes often do not allow.The backyard offers a surprising sense of privacy, with mature greenery, room to garden, space to entertain, and a large deck that extends the living area outdoors. The opportunity here is easy to understand. Located on the south end of Chesley's main street, the property is close to the hospital, parks, arena, schools, shops, and downtown conveniences, while still offering the lot size and outdoor space of an established residential property.For buyers looking for space, history, privacy, and long term potential, 279 1st Ave South is worth a closer look.
5 bedrooms, 2 bathrooms, about 2,000 sq ft, works out to roughly $169 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 279 1st Ave Ave S
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
2 spaces
Basement
Crawl Space, Full
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Crawl Space · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
279 1st Ave Ave S Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13819262$337,500
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 279 1st Ave Ave S Compares to the Arran-Elderslie Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,658
/mo
based on the purchase price of $337,500
$67,500 cash
$270,000 financed
$227,411 total interest
Principal54%$270,000
Interest46%$227,411
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Arran-Elderslie
Other 4-bed homes for sale in Arran-Elderslie around $338K.
Average days on market66Homes sold in about 66 days on average.
Sale-to-list ratio94.8%On average, homes sold below asking.
Active listings51Homes for sale here right now.
Median vs prior 90 days−2.1%Compared with May 15 – Aug 13, 2026: prices down.
Based on 35 sales from Aug 13 – Nov 11, 2026 (20 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 279 1st Ave Ave S
How much is 279 1st Ave Ave S listed for?
279 1st Ave Ave S is listed at $337,500 (MLS® X13819262). Summitly updates the price as soon as the MLS® record changes.
Is $337,500 a good price for 279 1st Ave Ave S?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Arran-Elderslie. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 279 1st Ave Ave S changed?
No — 279 1st Ave Ave S is still listed at its original asking price of $337,500.
How many bedrooms and bathrooms does 279 1st Ave Ave S have?
279 1st Ave Ave S has 5 bedrooms and 2 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in Arran-Elderslie.
How much would the monthly mortgage be on 279 1st Ave Ave S?
About $1,658 a month — principal and interest on $337,500 with 20% down ($67,500), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 279 1st Ave Ave S compare with other homes in Arran-Elderslie?
Its asking price of $337,500 is about 24% below the median sold price in Arran-Elderslie over the last 90 days, $445,000, across 35 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 279 1st Ave Ave S been sold before?
Summitly has no earlier MLS® sale or lease of 279 1st Ave Ave S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 279 1st Ave Ave S?
279 1st Ave Ave S is in Arran-Elderslie, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 279 1st Ave Ave S been on the market?
49 days — 279 1st Ave Ave S was listed on September 23, 2026.
What is the price per square foot of 279 1st Ave Ave S?
About $135 to $169 per square foot: the asking price of $337,500 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 279 1st Ave Ave S have parking or a garage?
Yes — the listing gives 2 parking spaces.
Does 279 1st Ave Ave S have a basement, and is it finished?
The listing describes the basement as: Crawl Space, Full.