The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
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. Taxes include water, sewer and garbage. 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.
Property Details
Listing
MLS® number
X14094230
Status
For Sale
Listed
Oct 14, 2026
Last updated
Oct 26, 2026
Possession
Immediate
Building
Type
Detached
Style
Bungalow
Approx. age
Not provided by brokerage
Approx. size
700–1,100 ft²
Basement
Unfinished, Walk-Out, Exposed Rock, Separate Entrance
Lot
Frontage
99.00 ft
Depth
86.00 ft
Lot area
≈ 8,514 ft² (calculated)
View
North
Community
Arran-Elderslie
Parking & utilities
Garage
None, 0 spaces
Driveway
Private, 2 spaces
Heating
Forced Air
Cooling
None
Water / sewer
Not provided by brokerage
Taxes
Property tax
$4,149 / 2026
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
Royal LePage Exchange Realty Co.
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Bedrooms above grade: 2
Kitchens: 1 above grade
Basement: Unfinished, Walk-Out, Exposed Rock, Separate Entrance
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,655/mo
Mortgage (principal + interest)$1,309
Property taxFrom listing: $4,149/yr$346
Minimum $17,495 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$69,980
Ontario land transfer taxProvincial brackets, no first-time refund$3,724
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$76,504
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Arran-Elderslie has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
