Re-listed 9 days ago

331 Erie St, Central Elgin, Ontario N5L 1E3

Townhouse
5
3
~2500-3000 sqft
$•••,•••
$1,190,000
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Townhouse
5
3
~2500-3000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$436/sqft

Est. Mortgage$5,111/mo

Tax Amount (2024)$4,828/yr

Days On Market9 days

Total Days On Market38 days


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.


Property Details

Style1 1/2 Storey
ViewClear, Lake, Skyline
Age of property100+
SqFt~2500-3000 SqFt
Lot Size8,712 SqFt(132 x 66)
Parking Spaces8
MLS ®NumberX12167677
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

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 History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
9 days on market
history photo preview38
Listing by trreb®
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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget