Re-listed 2 days ago

348 Erie St, Central Elgin, Ontario N5L 1E3

Detached
3
2
~1100-1500 sqft
$•••,•••
$599,900
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Detached
3
2
~1100-1500 sqft

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Highlights

Property Estimate

Days on market2 days

Total days on market
230 days

Estimated valueNot available

Price/Sqft$472/sqft

Monthly cost

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Description

Treetop oasis in the quaint beach community of Port Stanley offers a unique destination appealing to those seeking a short-term getaway or family destination, merely steps from the beach & beautiful shores of Lake Erie. This high demand, income generating property with proven success & approximately 50K of annual revenue provides the best of BOTH worlds for those eager to acquire a vacation home while maintaining the opportunity to generate rental income when not occupied for yourself. WIN-WIN! With breathtaking, panoramic views of Main Beach to the South and Little Beach to the East, this property will captivate each visitor. A peaceful retreat, perched elevated amongst the trees, this is your chance to own your own piece of paradise! Bright oversized windows overlook a newly built deck where you'll experience the soundtrack of waves & spectacular water vistas. Plenty of seating in the dining area ensures a crowd can be hosted with ease. A functional kitchen includes fully updated finishes with chic new cabinetry, stylish new appliances, laundry & access to side yard. Generous living room includes three large patio sliders with gorgeous views of the lake & cozy wood burning fireplace. Primary bedroom includes multiple bright windows & private ensuite with free standing tub. Head upstairs to discover two additional bedrooms as well as updated 3PC shower. Significant renovations completed including updated Northstar windows, luxury vinyl plank flooring, drywall, paint, metal roof, deck & AC. Lower level is ready for your finishing touches, currently roughed in with electrical plumbing to complete a self-contained studio apartment or added living space. Deeded parking includes space for two vehicles as well as storage shed, just steps away on Sydenham St. A short walk brings you to the beach as well as many of Port Stanley's amazing restaurants & amenities. Truly a destination to appreciate with great appeal to enjoy as an income generating retreat!


Property Details

Style1 1/2 Storey
ViewBay, Beach, Hills, Marina, Panoramic, Skyline, Trees/Woods, Water
Age of property100+
SqFt~1100-1500 SqFt
Lot Size6,254 SqFt(83.09 x 75.27)
Parking Spaces2
MLS ®NumberX12398655
Community NameCentral Elgin
Data SourceTRREB
Listing byRE/MAX CENTRE CITY REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Unfinished

Main Floor

Dining

4.03 x 3.33

Kitchen

3.5 x 3.2

Living

4.3 x 4.83

Primary

3.04 x 4.83


Features

Lot size: 6,254 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by RE/MAX CENTRE CITY REALTY INC., Brokerage
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Market Data - Central Elgin

Geo Zone Map ThumbnailCentral Elgin

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

51 days

Compared to

2024

46 days

2023

46 days

2022

37 days

New Listings

Past 30 days

28 listings

Compared to

2024

29 listings

2023

79 listings

2022

38 listings

Units sold

Past 30 days

10 units

Compared to

2024

15 units

2023

36 units

2022

28 units

Median Sold Price

Past 30 days

$538,500

Compared to

2024

$633,000

2023

$746,000

2022

$730,000


Population and Demographics

Overview

Total population 15810
Average household income $127,633

Age (%)

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

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