331 Erie ST Active Save Request In-Person Tour Request Virtual Tour
Central Elgin,ON N5L 1E3
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Port Stanley
MLS Listing ID X12167677
Style 1 1/2 Storey
Bedrooms 5
Building Age 100+
Annual Tax Amount $4,828
Tax Year 2024
Property Sub-Type Triplex
Property 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.
Location
Province ON
County Elgin
Community Port Stanley
Area Elgin
Body of Water Lake Erie
Rooms
Family Room No
Basement Crawl Space
Kitchen 3
Interior
Interior Features Carpet Free,Separate Hydro Meter,Upgraded Insulation
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck,Landscaped,Porch,Year Round Living
Garage Spaces 2.0
Pool None
Waterfront Description WaterfrontCommunity
View Clear,Lake,Skyline
Roof Type Metal
Topography Flat,Dry
Road Frontage Year Round Municipal Road
Lot Frontage 66.0
Lot Depth 132.0
Total Parking Spaces 8
Building
Unit Features Arts Centre,Beach,Golf,Lake Access,School Bus Route,Marina
Foundation Concrete
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
Virtual Tour https://unbranded.youriguide.com/331_erie_st_port_stanley_on/