$1,250,000
FOR SALE

Multiplex 2-Storey

Bedrooms: 5Bathrooms: 3Lot: 66 x 132 ft
2024 Taxes: $4,828.14

331 Erie St
Central Elgin, ON N5L 1E3 | Port Stanley | Elgin

Add this very Low-Maintenance 2798sf Triplex, detached 20x33' Double Car Garage and large property to your portfolio today! Fully tenanted by Sept 1st with 3 excellent long term tenants paying current market rents and on one year leases. Low Taxes! All fully renovated modern units (2022) each with their own hydro meter and upgraded insulation between units, Exterior is all metal-clad, new Kitchens, new Baths, new finishes, original hardwood flooring thru all 3 units with new flooring added. Unit #1: 3 large bedrooms, 1 full 4pc bath, approx 1200sf on 2 levels; Unit #2: 1 bdrm, 1 full 3pc bath, approx 675sf on 2 levels; Unit #3: 1 bdrm + den, 1 full 4pc bath, open concept, one floor, approx 700sf including the sunroom. Laundry in all units, plus all appliances included in sale. Immediate possession. Buyer will assume all Tenants. Convert any unit into a short term rental when a tenant leaves. Bldg is a Legal Non-Conforming Triplex under the current R1 zoning. 24 hrs notice to show for tenants, and serious inquiries only. Listing Agent will be onsite for all showings. Please use the media tab for virtual walkthroughs (iGuide Tour links on the floorplan) of all 3 units. Contact Listing Agent for more information and to book your showing via BB.
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Listed By CENTURY 21 FIRST CANADIAN CORP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9035576
Last Updated Aug 18, 2024
Property Summary
Property Type Multiplex

More like this:
PIN 352510446
Legal Description LT 8 N/S ERIE ST PL 117 PORT STANLEY; CENTRAL ELGIN
Parcel of Tied Land N
Possession Date immediate
Taxes (2024) $4,828.14
Assessment (2024) $274,000
Directions/Cross Streets William Street
Neighbourhood Port Stanley
Area Elgin
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On N
Access To Property Yr Rnd Municpal Rd
Waterfront Indirect
Water Body Type Lake
Water Body Name Erie
Shoreline Sandy, Soft Btm
Shoreline Allowance None
Shoreline Exposure S
Special Designations Unknown
Easements Restrictions Unknown
Bedrooms 5
Bathrooms 3
Rooms 16
Kitchens 3
Lot 66 x 132 ft
Acreage <.50
Approximate Square Footage 2500-3000
Approximate Age 100+
Exterior Metal/Side
Elevator N
Air Conditioning Central Air
Family Room Y
Fireplace/Stove N
Pool None
Laundry Level Main
Basement Crawl Space
Drive Private
Garage Spaces 2.0
Garage Type Detached
Parking Spaces 6
Total Parking Spaces 8.0
Retirement N
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Utilities-Hydro Y
Utilities-Gas Y
Utilities-Cable A
Utilities-Telephone A
Water Municipal
UFFI No
Zoning R1
Seller Property Info Statement N
Rooms
Room Level Dimensions Notes
KitchenMain2.35 m x 2.04 m (7.71 ft x 6.69 ft)
DiningMain2.41 m x 1.88 m (7.91 ft x 6.17 ft)
LivingMain4.55 m x 4.08 m (14.93 ft x 13.39 ft)
Prim Bdrm2nd4.36 m x 3.93 m (14.3 ft x 12.89 ft)
Br2nd3.83 m x 4.04 m (12.57 ft x 13.25 ft)
Br2nd3.03 m x 2.72 m (9.94 ft x 8.92 ft)
Bathroom2nd2.68 m x 2.13 m (8.79 ft x 6.99 ft)4 Pc Bath
KitchenMain3.02 m x 2.44 m (9.91 ft x 8.01 ft)
LivingMain4.59 m x 5 m (15.06 ft x 16.4 ft)
Br2nd3.23 m x 3.87 m (10.6 ft x 12.7 ft)
Bathroom2nd1.16 m x 2.97 m (3.81 ft x 9.74 ft)3 Pc Bath
KitchenMain3.26 m x 5.53 m (10.7 ft x 18.14 ft)
Bathrooms
Pieces Level
42nd
32nd
4Main

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