view of front of home featuring covered porch and a metal roof Features: porch More Photos

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    For Sale - 331 Erie Street, Central Elgin, Ontario

    Est payment $4,561/mo
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    Time on Jump  8 day

    AI Summary *

    • Investment property with a solid 6-7% CAP rate for potential income.
    • Triplex located steps away from Main Beach and various local amenities.
    • Fully renovated in 2022 with modern upgrades and a low-maintenance exterior.
    • Large backyard and detached double garage provide additional space and income.
    • Three distinct units with good rental history and flexible living options.




    6-7% cap rate! Investment property! More unit potential! Prime village location just steps to main beach and walking distance to cafés, groceries, galleries, live music, theatre, parks, the kettle creek ps, and year-round amenities. This grandfathered-in triplex sits on a double residential lot with a low-maintenance steel-clad exterior, large detached double garage, and large backyard. Fully renovated in 2022 with new metal roof and siding, upgraded insulation, new windows/doors, new appliances, tile flooring, and refinished original hardwood. Unit 1: ~1200 sq ft, 2 levels, 3 bright bedrooms, 1 modern bath with skylight, kitchen, laundry, dining room, and a spacious living room with water views. Unit 2: ~675 sq ft, open-concept living/eat-in kitchen, 1 bedroom, 3-pc bath, and in-unit laundry. Unit 3: ~750 sq ft, single level, large bedroom, den/living area, open eat-in kitchen with island, updated 4-pc bath, and sunroom entry. Parking for 6 vehicles in the private triple driveway; two 100-sq-ft storage sections currently rented in the garage for extra income @$100 ea/month. Two units are tenanted year-round paying inclusive market rents; the third unit is ideal for owner use or str guests for overall higher annual income. Property incl: 3 hydro meters, 1 forced air gas furnace, 1 hwt, electrical panel in garage with insulation and heat. Survey and media available in listing. Contact your realtor to book a showing. La to be on-site for all showings.
    Listing IDX13106782
    Address331 Erie Street
    CityCentral Elgin, Ontario
    Price$949,900
    Bed / Bath5 / 3 Full
    Style1 1/2 Storey, Triplex
    ConstructionMetal/Steel Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Carpet FreeOutdoor Features Deck, Landscaped, Privacy, Year Round LivingAmenities Arts Centre, Beach, Lake Access, School Bus Route, LibraryOwnership FreeholdViews Clear, Trees/Woods, WaterWaterfront WaterfrontCommunityBasement Crawl Space, UnfinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Agency:  CENTURY 21 FIRST CANADIAN CORP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    331 Erie Street
    Central Elgin , Ontario
    5 3 $949,900
    Get more info