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331 Erie Street Image 1

$1,250,000

Apr 24Triplex For Sale
bedrooms5bed
washrooms8bath
MLS - #X12102819

331 Erie Street, Central Elgin, ON N5L 1E3

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Average Price
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Property Description

Property type

Triplex

Lot size

< .50 acres

Style

1 1/2 Storey

Approx. Area

N/A

Room Information

Room TypeDimension (length x width)FeaturesLevel
Kitchen2.35 x 2.04 mTile Floor, Combined w/LaundryMain
Dining Room2.41 x 1.88 mTile FloorMain
Living Room4.55 x 4.08 mHardwood FloorMain
Primary Bedroom4.36 x 3.93 mHardwood FloorSecond

About 331 Erie Street

A 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 long term leases. This very low-maintenance steel clad building & detached double car garage sits on a double lot with a large grassy backyard the unit 3 tenants tend. Fully renovated with ungraded insulation, all new vinyl windows & doors, originial hardwood flooring combined with new tile flooring where needed. Unit 1 is approx 1200sf on 2 levels with 3 bright bedrooms & 1 modern bathroom with skylight on the upper floor, a kitchen & dining room with laundry, opens up to a large living room with lots of natural light, front windows on both levels see the water. 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 pocket door. Enter this unit from the driveway or backyard, come into the sunroom. Parking available for all units with large double wide driveway for 6 vehicles, a 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! Survey is available.

Home Overview

Last updated

Apr 24

Virtual tour

None

Basement information

Crawl Space

Building size

--

Status

In-Active

Property sub type

Triplex

Maintenance fee

$N/A

Year built

2025

Listed by CENTURY 21 FIRST CANADIAN CORP

Additional Details

Basement:Crawl Space
Cooling:Central Air
Heating:Forced Air
Parking Features:Private Double

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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