331 Erie ST, Central Elgin, ON N5L 1E4
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331 Erie ST, Central Elgin, ON N5L 1E4
331 Erie ST, Central Elgin, ON N5L 1E4
331 Erie ST, Central Elgin, ON N5L 1E4
331 Erie ST, Central Elgin, ON N5L 1E4
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Derrick Garcia

Derrick Garcia

+1(416) 684-7370
$ 949,900
Est. payment /mo
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331 Erie ST Central Elgin, ON N5L 1E4

5 Beds

3 Baths

UPDATED:

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 X13106782

Style 1 1/2 Storey

Bedrooms 5

Annual Tax Amount $4,856

Tax Year 2026

Property Sub-Type Triplex

Property Description

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.

Location

Province ON

County Elgin

Area Elgin

Zoning R1

Body of Water Lake Erie

Rooms

Basement Crawl Space, Unfinished

Kitchen 3

Interior

Interior Features Carpet Free

Cooling Central Air

Inclusions 3 Refrigerators, 3 Stoves (incl 1 gas & 2 electric), 3 washers, 3 dryers, 1 dishwasher, 2 rangehoods, 2 microwaves (incl 1 built-in)

Exterior

Exterior Feature Deck, Landscaped, Privacy, Year Round Living

Parking Features Detached

Pool None

View Clear, Trees/Woods, Water

Roof Type Metal

Total Parking Spaces 6

Building

Building Age 100+

Foundation Concrete

Others

ParcelsYN No

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Lited by CENTURY 21 FIRST CANADIAN CORP
Derrick Garcia

Derrick Garcia

Broker

+1(416) 684-7370

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331 Erie ST