331 Erie Street, Central Elgin, Ontario N5L 1E3

Listed for:
$1,049,900
5 beds
3 baths
Listed 56 days ago
Triplex for rent: 331 Erie Street, Central Elgin, Ontario N5L 1E3

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Learn more about this property
Listing provided by:
CENTURY 21 FIRST CANADIAN CORP
MLS® number:
X12167677
Agent:
Susan E. Tanton
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About

Cross Streets: William St. ** Directions: South into Port Stanley, west on Bridge St, south on William St, west on Erie St, look for the metal clad building on the north side of Erie St. 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. A 5% cap rate minimum is achievable here. See the media tabs for an excellent overview of this property. (id:27476)

Property Highlights

MLS® Number
X12167677
Type
Multi-family
Community Name
Port Stanley
Land Size
66 x 132 FT|under 1/2 acre
Parking Space Total
8

Building

Building Type
Triplex
Storeys
1.50
Square Footage
2500 - 3000 sqft
Bathrooms Total
3
Bedrooms Above Ground
5
Bedrooms Total
5
Amenities
Separate Electricity Meters Beach, Golf Nearby, Marina
Exterior Finish
Steel
Fireplace Present
No
Basement Type
Crawl space
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Room Layout

Bathroom
Second level
1.16 m x 2.9 m
Primary Bedroom
Second level
4.36 m x 3.93 m
Bedroom 2
Second level
3.83 m x 4.04 m
Bedroom 3
Second level
3.03 m x 2.72 m
Bathroom
Second level
2.68 m x 2.13 m
Primary Bedroom
Second level
3.23 m x 3.87 m
Kitchen
Main level
2.35 m x 2.04 m
Sunroom
Main level
3.22 m x 2.1 m
Kitchen
Main level
3.26 m x 7.63 m
Primary Bedroom
Main level
4.87 m x 2.29 m
Den
Main level
2.58 m x 1.8 m
Living room
Main level
2.18 m x 2.8 m
Bathroom
Main level
1.52 m x 2.21 m
Dining room
Main level
2.41 m x 1.88 m
Living room
Main level
4.55 m x 4.08 m
Kitchen
Main level
3.02 m x 2.44 m
Living room
Main level
4.55 m x 5 m

Location