$ 1,190,000
-
$1,190,000
Price -
5
Bed -
3
Bath -
2,500
SqFt
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About the Listing 371303 -
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.
Listing Highlights for 331 Erie St
Status
Active
Days on Site
108
Property Type
Multi-Family
MLS ®
X12167677
Year Built
Total Square Footage
2,500
Lot/Acreage
0.2
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other: Carpet Free,Separate Hydro Meter,Upgraded Insulation
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Metal
- Others: Deck,Landscaped,Porch,Year Round Living
- Sewer: Sewer
- Parking Features: Detached
Financial Details
- Tax Amount: $4,828
- Taxes w/Assessments: N/A
- Tax/Property ID: 352510446
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
331 Erie St Central Elgin, ON N5L 1E3
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