$949,900
Available - For Sale
Listing ID: X13106782
331 Erie Street , Central Elgin, N5L 1E4, Elgin
| 6-7% CAP RATE! INVESTMENT PROPERTY! More unit potential! Prime Village location just steps to Main Beach and walking distance to cafés, groceries, galleries, live music, theatre, parks, the Kettle Creek PS, and year-round amenities. This grandfathered-in Triplex sits on a double residential lot with a low-maintenance steel-clad exterior, large detached double garage, and large backyard. Fully renovated in 2022 with new metal roof and siding, upgraded insulation, new windows/doors, new appliances, tile flooring, and refinished original hardwood. Unit 1: ~1200 sq ft, 2 levels, 3 bright bedrooms, 1 modern bath with skylight, kitchen, laundry, dining room, and a spacious living room with water views. Unit 2: ~675 sq ft, open-concept living/eat-in kitchen, 1 bedroom, 3-pc bath, and in-unit laundry. Unit 3: ~750 sq ft, single level, large bedroom, den/living area, open eat-in kitchen with island, dining room, updated 4-pc bath, and sunroom entry. Parking for 6 vehicles in the private triple driveway; two 100-sq-ft storage sections currently rented in the garage for extra income @$100 ea/month. Two units are tenanted year-round paying inclusive market rents; the third unit is ideal for owner use or STR guests for overall higher annual income. Property incl: 3 Hydro meters, 1 forced Air Gas Furnace, 1 HWT, electrical panel in garage with insulation and heat. Survey and media available in listing. Contact your Realtor to book a showing. LA to be on-site for all showings. |
| Price | $949,900 |
| Taxes: | $4856.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 331 Erie Street , Central Elgin, N5L 1E4, Elgin |
| Directions/Cross Streets: | William |
| Rooms: | 21 |
| Bedrooms: | 5 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Crawl Space, Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Foyer | 6.53 | 6.86 | Tile Floor |
| Room 2 | Main | Dining Ro | 7.9 | 6.17 | |
| Room 3 | Main | Kitchen | 7.71 | 8 | Tile Floor |
| Room 4 | Main | Living Ro | 14.92 | 13.38 | Hardwood Floor |
| Room 5 | Second | Primary B | 14.3 | 12.89 | |
| Room 6 | Second | Bedroom 2 | 12.56 | 13.25 | |
| Room 7 | Second | Family Ro | 8.43 | 9.54 | |
| Room 8 | Second | Bedroom 3 | 9.94 | 8.92 | |
| Room 9 | Second | Bathroom | 4 Pc Bath, Skylight | ||
| Room 10 | Main | Living Ro | 9.48 | 7.05 | |
| Room 11 | Main | Dining Ro | 10.69 | 6.89 | |
| Room 12 | Main | Kitchen | 9.91 | 8 | |
| Room 13 | Second | Bedroom 2 | 10.59 | 12.69 | |
| Room 14 | Second | Bathroom | 3 Pc Bath, Combined w/Laundry | ||
| Room 15 | Main | Sunroom | 10.56 | 5.9 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Second |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 4 | Main |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Triplex |
| Style: | 1 1/2 Storey |
| Exterior: | Metal/Steel Sidi |
| Garage Type: | Detached |
| (Parking/)Drive: | Private Tr |
| Drive Parking Spaces: | 6 |
| Park #1 | |
| Parking Type: | Private Tr |
| Park #2 | |
| Parking Type: | Private Tr |
| Pool: | None |
| Other Structures: | None |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 2500-3000 |
| Property Features: | Arts Centre, Beach |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Utilities-Hydro: | Y |
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| CENTURY 21 FIRST CANADIAN CORP |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Elgin |
| Municipality: | Central Elgin |
| Neighbourhood: | Port Stanley |
| Style: | 1 1/2 Storey |
| Approximate Age: | 100+ |
| Tax: | $4,856 |
| Beds: | 5 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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