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331 ERIE STREET Central Elgin

331 ERIE STREET, Central Elgin

$1,190,000

  • 5
  • 3
2,750 Square Feet
A 5% Cap Rate is achievable here! Welcome to your terrific income property in the heart of the Village with steps to the Main Beach! All amenities within walking distance of cafes, groceries, art galleries, live music venues, live theatre events, parks, schools, world class restaurants, and Port Stanley is open year-round! Grandfathered-in as a Triplex, fully tenanted with 3 great tenants on year-round leases. This very low-maintenance steel clad building & detached double car garage sits on a double lot with a large grassy backyard. Fully renovated in 2022 with all new metal on roof and siding, all new appliances, ungraded insulation, all new vinyl windows & doors, original hardwood flooring combined with new tile flooring. Unit 1 is approx 1200sf on 2 levels with 3 bright bedrooms & 1 modern bathroom with skylight on the upper floor, features a kitchen combined with laundry, and dining room, then opens up to a large living room with lots of natural light, front windows on both levels have water views. Unit 2 boasts approx 675sf with an open concept living room /eat-in kitchen area, with 1 bdrm, 3 pc bath & laundry upstairs. Unit 3 is larger than it looks, with almost 720sf on one floor with a den & living room at one end and a bedroom at the other end, with an open concept eat-in kitchen with island flowing into the dining room in the middle with enough space for a small lounge area to watch tv. A gorgeous 4 pc bath with new fixtures, tiles, and a pocket door. Enter this unit from the driveway /backyard into the sunroom. Parking available for all units with large double wide driveway for 6 vehicles, the double detached garage can be used as a garage but atm 2 interior 100sf sections are rented by 2 tenants as their storage for an extra $100/ month each. Contact LA for more info and book your showing as soon as possible! LA is to be onsite for all showings. Survey is available in the photos. (id:58875)
  • Listing ID: X12167677
  • Property Type: Multi-family
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Rooms

LevelTypeDimensions
Second LevelBathroom1.16 m x 2.9 m
Second LevelPrimary Bedroom4.36 m x 3.93 m
Second LevelBedroom 23.83 m x 4.04 m
Second LevelBedroom 33.03 m x 2.72 m
Second LevelBathroom2.68 m x 2.13 m
Second LevelPrimary Bedroom3.23 m x 3.87 m
Main LevelKitchen2.35 m x 2.04 m
Main LevelSunroom3.22 m x 2.1 m
Main LevelKitchen3.26 m x 7.63 m
Main LevelPrimary Bedroom4.87 m x 2.29 m
Main LevelDen2.58 m x 1.8 m
Main LevelLiving Room2.18 m x 2.8 m
Main LevelBathroom1.52 m x 2.21 m
Main LevelDining Room2.41 m x 1.88 m
Main LevelLiving Room4.55 m x 4.08 m
Main LevelKitchen3.02 m x 2.44 m
Main LevelLiving Room4.55 m x 5 m

Details

  • Amenities Nearby: Beach, Marina
  • Community Features: School Bus
  • Easement: None
  • Equipment: Water Heater
  • Features: Flat site, Dry, Carpet Free
  • Parking Spaces: 8
  • Rental Equipment: Water Heater
  • Structure: Deck, Porch
  • Transaction: For sale
  • View: Lake view
  • Water Body Name: Lake Erie
  • Zoning Description: R1

Building

  • Amenities: Separate Electricity Meters
  • Appliances: Water meter, Dishwasher, Dryer, Microwave, Hood Fan, Stove, Washer, Refrigerator
  • BasementType: Crawl space
  • Bedrooms Main Level: 5
  • Constructed Status: Insulation upgraded
  • Cooling: Central air conditioning
  • Exterior Finish: Steel
  • Fireplace Present: False
  • Fire Protection: Smoke Detectors
  • Flooring: Tile, Hardwood
  • Foundation: Concrete
  • Bathrooms (Total): 3
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 2500 - 3000 sqft
  • Stories Total: 1.5
  • Type: Triplex
  • Utility Water: Municipal water

Land

  • Access Type: Year-round access
  • Amenities: Beach, Marina
  • Landscape Features: Landscaped
  • Sewer: Sanitary sewer
  • Size Depth: 132 ft
  • Size Frontage: 66 ft
  • Size Irregular: 66 x 132 FT

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    This property for sale is located at 331 ERIE STREET in Central Elgin. It was last modified on May 29th 2025. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Central Elgin properties for sale.

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