Added 7 months ago
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Type: Multiplex
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Style: 2-Storey
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Size: 2500 sqft
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Lot Size: 66 x 132 Feet
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Age: 100+ years
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Taxes: $4,828 per year
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Days on Site: 206 Days
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Added: Jul 12, 2024 (7 months ago)
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Updated:
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Last Checked: 2 hours ago
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MLS®#: X9035576
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Listed By: Century 21 first canadian corp
Boost your real estate portfolio with this low-maintenance, high-yield investment opportunity! This 2,798 sq. ft. fully renovated triplex comes with a detached 20x33 double car garage on a spacious lot, offering long-term value and strong rental income. Fully tenanted by last Sept 1st with three excellent long-term tenants on one-year leases at current market rents, ensuring immediate cash flow. Low taxes enhance profitability, while extensive 2022 renovations include modern kitchens and baths, upgraded finishes, and original hardwood flooring throughout, with new flooring added where needed. Each unit has separate hydro meters and upgraded insulation, and the metal-clad exterior ensures durability with minimal upkeep. Dont miss this turnkey, worry-free investment! Unit #1: A spacious 3-bedroom, 1 full 4-piece bath home spanning approximately 1,200 sq. ft. over two levelsideal for families or professionals seeking ample living space.Unit #2: A cozy yet functional 1-bedroom, 1 full 3-piece bath unit covering approximately 675 sq. ft. across two levelsperfect for singles or couples.Unit #3: A bright and airy 1-bedroom + den, 1 full 4-piece bath unit with an open-concept layout on one floor, including a beautiful sunroomapproximately 700 sq. ft. of comfortable living. All units come equipped with in-suite laundry and full appliances. With immediate possession, the buyer will assume all current tenants, providing steady cash flow while offering the flexibility to convert units into high-revenue short-term rentals as they become available. This is a rare opportunity to maximize returns in a sought-after area. Legal Non-Conforming Triplex under R1 zoning. Seamless transition. Assume tenants and convert units as they vacate. 24-hour notice required for showings Serious inquiries only. Don't miss out on this versatile investment opportunity! See media tabs for more visual information. Book your showing asap!
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Property
Status: Sale
Property Type: Multiplex
Style: 2-Storey
Size (sq ft): 2500
Age: 100+
Area: Central Elgin
Community: Port Stanley
Availability Date: immediate
Assessment Amount: $274,000
Assessment Year: 2024
Inside
Bedrooms: 5
Bathrooms: 3
Kitchens: 3
Rooms: 16
Den/Family Room: Yes
Air Conditioning: Central Air
Fireplace: No
Laundry Level: Main
Central Vacuum: N
Washrooms: 3
Utilities
Electricity: Yes
Gas: Yes
Cable: Available
Telephone: Available
Building
Basement: Crawl Space
Heat Type: Forced Air
Heat Source: Gas
Exterior: Metal/Side
Elevator: N
UFFI: No
Energy Certificate: N
Green Verification Status: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Special Designation: Unknown
Retirement: N
Parking
Driveway: Private
Garage Spaces: 2
Garage Type: Detached
Covered Parking Spaces: 6
Total Parking Spaces: 8
Fees
Tax Year: 2024
Tax Legal Description: LT 8 N/S ERIE ST PL 117 PORT STANLEY; CENTRAL ELGIN
Taxes: $4,828
Land
Cross Street: William Street
Municipality District: Central Elgin
Fronting On: North
Parcel Number: 352510446
Parcel of Tied Land: N
Pool: None
Sewer: Sewers
Lot Depth: 132 Feet
Lot Frontage: 66 Feet
Acres: < .50
Zoning: R1
Waterfront: Indirect
Water Body Name: Erie
Water Body Type: Lake
Access To Property: Yr Rnd Municpal Rd
Easements Restrictions: Unknown
Shoreline: Sandy
Shoreline: Soft Btm
Shoreline Allowance: None
Shoreline Exposure: S
Additional Media
- Virtual Tour: https://unbranded.youriguide.com/331_erie_st_port_stanley_on/
Rooms
Room details for 331 Erie Street, Central Elgin
| Type | Dimensions | Description |
|---|---|---|
| Kitchen Main | 2.04 x 2.35 | |
| Dining Main | 1.88 x 2.41 | |
| Living Main | 4.08 x 4.55 | |
| Prim Bdrm 2nd | 3.93 x 4.36 | |
| Br 2nd | 4.04 x 3.83 | |
| Br 2nd | 2.72 x 3.03 | |
| Bathroom 2nd | 2.13 x 2.68 | 4 Pc Bath |
| Kitchen Main | 2.44 x 3.02 | |
| Living Main | 5.00 x 4.59 | |
| Br 2nd | 3.87 x 3.23 | |
| Bathroom 2nd | 2.97 x 1.16 | 3 Pc Bath |
| Kitchen Main | 5.53 x 3.26 |
Somewhat Walkable
- Some errands can be accomplished on foot.
Somewhat Bikeable
- Most errands require a car.
Port Stanley Public School
Elementary: PublicElgin Court Public School
Elementary: PublicJohn Wise Public School
Elementary: PublicSouthwold Public School
Elementary: PublicPierre Elliott Trudeau French Immersion Public School
Elementary: PublicMitchell Hepburn Public School
Elementary: PublicArthur Voaden Secondary School
Secondary: PublicCentral Elgin Collegiate Institute
Secondary: PublicSt Joseph's High School
Secondary: CatholicRegina Mundi College
Secondary: CatholicParkside Collegiate Institute
Secondary: PublicEast Elgin Secondary School
Secondary: Public
- 5 bath
- 5 bed
- 3500 sqft
641 George Street, Central Elgin, Ontario • N5L 1H4 • Port Stanley