$ 479,900
-
$479,900
Price -
4
Bed -
2
Bath -
1,500
SqFt
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About the Listing 371303 -
ATTENTION INVESTORS & HOMEOWNERS SEEKING MORTGAGE SUPPLEMENT! Rare opportunity to own a legal up/down duplex in the welcoming community of Belmont. Whether you're seeking a turn-key income property or a home with rental potential to help offset your mortgage, this property checks all the boxes. Ideally located minutes from London, St. Thomas, and Highway 401, Belmont offers small-town charm with easy access to city amenities. Local favorites include Tim Hortons, Fresh mart, LCBO, Belmont Arena, Union Street Park, Belmont Golf Club, and Belmont Town Restaurant & Catering. Situated on a quiet street with a generous lot, the property features a private double-wide driveway with parking for 4+ vehicles and a large 18x36 garage/workshop. Each unit (main and upper) boasts 2 spacious bedrooms, a full bath, full kitchen, open living/dining area, in-suite laundry, separate hydro meters, and private entrances. The main floor tenant currently enjoys exclusive use of the garage, set up as a workshop/man cave. The backyard offers plenty of greenspace and backs onto Belmont United Church, creating a peaceful setting. Both units are tenanted month-to-month by quiet, long-term residents who would be happy to stay, providing immediate cash flow. Well maintained and truly turn-key, this duplex offers flexibility, steady income, and a lifestyle opportunity in a growing, family-friendly community.
Listing Highlights for 242 Victoria St
Status
Active
Days on Site
10
Property Type
Multi-Family
MLS ®
X12370475
Year Built
Total Square Footage
1,500
Lot/Acreage
N/A
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Partially Finished
- Other: Accessory Apartment,Guest Accommodations,In-Law Capability,Primary Bedroom - Main Floor,Separate Hydro Meter,Storage Area Lockers,Water Heater,Workbench
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Shingles
- Others: Privacy,Porch
- Sewer: Sewer
- Parking Features: Available,Front Yard Parking,Lane,Private,Private Double,Detached
Financial Details
- Tax Amount: $3,062
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
242 Victoria St Central Elgin, ON N0L 1B0
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