Homes for sale - 331 Erie ST, Central Elgin, ON N5L 1E3

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Ruth Pedrosa

ruth@rpdrealestate.com +1(416) 998-5478

$ 1,190,000

Est. payment | -/mo

5 Beds

3 Baths

Save Virtual Tour

$ 1,190,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Port Stanley

MLS Listing ID X12167677

Style 1 1/2 Storey

Bedrooms 5

Building Age 100+

Annual Tax Amount $4,828

Tax Year 2024

Property Sub-Type Triplex

Property Description

A 5% Cap Rate is achievable here! Welcome to your terrific income property in the heart of the Village with steps to the Main Beach! All amenities within walking distance of cafes, groceries, art galleries, live music venues, live theatre events, parks, schools, world class restaurants, and Port Stanley is open year-round! Grandfathered-in as a Triplex, fully tenanted with 3 great tenants on year-round leases. This very low-maintenance steel clad building & detached double car garage sits on a double lot with a large grassy backyard. Fully renovated in 2022 with all new metal on roof and siding, all new appliances, ungraded insulation, all new vinyl windows & doors, original hardwood flooring combined with new tile flooring. Unit 1 is approx 1200sf on 2 levels with 3 bright bedrooms & 1 modern bathroom with skylight on the upper floor, features a kitchen combined with laundry, and dining room, then opens up to a large living room with lots of natural light, front windows on both levels have water views. Unit 2 boasts approx 675sf with an open concept living room /eat-in kitchen area, with 1 bdrm, 3 pc bath & laundry upstairs. Unit 3 is larger than it looks, with almost 720sf on one floor with a den & living room at one end and a bedroom at the other end, with an open concept eat-in kitchen with island flowing into the dining room in the middle with enough space for a small lounge area to watch tv. A gorgeous 4 pc bath with new fixtures, tiles, and a pocket door. Enter this unit from the driveway /backyard into the sunroom. Parking available for all units with large double wide driveway for 6 vehicles, the double detached garage can be used as a garage but atm 2 interior 100sf sections are rented by 2 tenants as their storage for an extra $100/ month each. Contact LA for more info and book your showing as soon as possible! LA is to be onsite for all showings. Survey is available in the photos.

Location

Province ON

County Elgin

Community Port Stanley

Area Elgin

Body of Water Lake Erie

Rooms

Family Room No

Basement Crawl Space

Kitchen 3

Interior

Interior Features Carpet Free, Separate Hydro Meter, Upgraded Insulation

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Landscaped, Porch, Year Round Living

Garage Spaces 2.0

Pool None

Waterfront Description WaterfrontCommunity

View Clear, Lake, Skyline

Roof Type Metal

Topography Flat,Dry

Road Frontage Year Round Municipal Road

Lot Frontage 66.0

Lot Depth 132.0

Total Parking Spaces 8

Building

Unit Features Arts Centre,Beach,Golf,Lake Access,School Bus Route,Marina

Foundation Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Virtual Tour https://unbranded.youriguide.com/331_erie_st_port_stanley_on/

Listed by CENTURY 21 FIRST CANADIAN CORP

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 998-5478

ruth@rpdrealestate.com

331 Erie ST Central Elgin, ON N5L 1E3