5 hours 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 Market5 hours


Description

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.


Property Details

Style1 1/2 Storey
ViewWater, Lake, Skyline
Age of property100+
SqFt~2500-3000 SqFt
Lot Size8,712 SqFt(132 x 66)
Parking Spaces8
MLS ®NumberX12102819
Community NameCentral Elgin
Data SourceTRREB
Listing byCENTURY 21 FIRST CANADIAN CORP

Features

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

Main Floor

Kitchen

2.35 x 2.04

Tile Floor / Combined W/Laundry

Dining

2.41 x 1.88

Tile Floor

Living

4.55 x 4.08

Hardwood Floor

Kitchen

3.02 x 2.44


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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Market Data - Central Elgin

Geo Zone Map ThumbnailCentral Elgin

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

99 days

2023

87 days

New Listings

Past 30 days

1 listing

Compared to

2024

9 listings

2023

6 listings

Units sold

Past 30 days

0 unit

Compared to

2024

7 units

2023

1 unit

Median Sold Price

Past 30 days

$0

Compared to

2024

$579,900

2023

$385,000


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