168 days on Market

331 Erie St, Central Elgin, Ontario N5L 1E3

Townhouse
5
3
~2500-3000 sqft
$1,250,000
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Townhouse
5
3
~2500-3000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$458/sqft

Est. Mortgage$5,368/mo

Tax Amount (2024)$4,828/yr

Days On Market168 days


Description

Add this very Low-Maintenance 2798sf Triplex, detached 20x33' Double Car Garage and large property to your portfolio today! Fully tenanted by Sept 1st with 3 excellent long term tenants paying current market rents and on one year leases. Low Taxes! All fully renovated modern units (2022) each with their own hydro meter and upgraded insulation between units, Exterior is all metal-clad, new Kitchens, new Baths, new finishes, original hardwood flooring thru all 3 units with new flooring added. Unit #1: 3 large bedrooms, 1 full 4pc bath, approx 1200sf on 2 levels; Unit #2: 1 bdrm, 1 full 3pc bath, approx 675sf on 2 levels; Unit #3: 1 bdrm + den, 1 full 4pc bath, open concept, one floor, approx 700sf including the sunroom. Laundry in all units, plus all appliances included in sale. Immediate possession. Buyer will assume all Tenants. Convert any unit into a short term rental when a tenant leaves. Bldg is a Legal Non-Conforming Triplex under the current R1 zoning. 24 hrs notice to show for tenants, and serious inquiries only. Listing Agent will be onsite for all showings. Please use the media tab for virtual walkthroughs (iGuide Tour links on the floorplan) of all 3 units. Contact Listing Agent for more information and to book your showing via BB.


Property Details

Style2-Storey
View-
Age of property100+
SqFt~2500-3000 SqFt
Lot Size8,712 SqFt(132 x 66)
Parking Spaces8
MLS ®NumberX9035576
Community NameCentral Elgin
Data SourceTRREB
Listing byCENTURY 21 FIRST CANADIAN CORP

Features

Heating: Forced Air
Cooling: Central Air
Basement: Crawl Space

Main Floor

Dining

2.41 x 1.88

Living

4.55 x 4.08

Kitchen

3.02 x 2.44

Living

4.59 x 5.00


Features

Lot size: 8,712 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 6

Total parking spaces 8


Property listed by CENTURY 21 FIRST CANADIAN CORP, Brokerage
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Population and Demographics

Overview

Total population 15810
Average household income $127,633

Age (%)

50 to 64
25%
65 and plus
23%
0 to 19
21%
35 to 49
18%
20 to 34
14%

Household composition (%)

Single family
76%
Single person
22%
Multi person
2%
Multi family
0%

Mother tongue (%)

English
94%
Others
5%

House tenancy (%)

Owners
88%
Renters
12%

Schools and amenities

Estimated Budget