$949,900
FOR SALE

Triplex 1 1/2 Storey

Bedrooms: 5Bathrooms: 3Lot: 66 x 132 ft
2026 Taxes: $4,856

331 Erie St
Central Elgin, ON N5L 1E4 | Port Stanley | Elgin

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.
Extras
Carpet Free
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Listed By CENTURY 21 FIRST CANADIAN CORP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13106782
Last Updated May 09, 2026
Property Summary
Property Type Triplex

More like this:
PIN 352510446
Legal Description LT 8 N/S ERIE ST PL 117 PORT STANLEY; CENTRAL ELGIN
Possession Date Immediate if assuming all the tenants
Taxes (2026) $4,856
Directions/Cross Streets William
Neighbourhood Port Stanley
Area Elgin
Price History

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Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 5
Bathrooms 3
Lot 66 x 132 ft
Exterior Metal/Steel Siding
Air Conditioning Central Air
Basement Crawl Space, Unfinished
Garage Type Detached
Garage/Park Spaces Y
Parking Spaces 6
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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