$ 949,900
-
$949,900
Price -
5
Bed -
3
Bath -
2,500
SqFt
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About the Listing 371303 -
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, dining room, 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 Highlights
Status
Active
Days on Site
23
Property Type
Multi-Family
MLS ®
X13106782
Year Built
Total Square Footage
2,500
Lot/Acreage
N/A
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space,Unfinished
- Other: Carpet Free,3 Kitchens
- Water:
Exterior Details
- Garage Capacity: 3 car
- Roof: Metal
- Others: Deck,Landscaped,Privacy,Year Round Living,Arts Centre,Beach,Lake Access,School Bus Route,Library
- Sewer: Sewer
- Parking Features: Private Triple,Detached,Has Garage
Financial Details
- Tax Amount: $4,856
- Taxes w/Assessments: N/A
- Tax/Property ID: 352510446
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
331 Erie St Central Elgin, ON N5L 1E4
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