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For sale
  • C$1,190,000

    331 Erie St, Central Elgin, ON N5L 1E3

    5beds
    3baths
    Triplex
    Built in ----
    -- sqft lot
    $-- Zestimate®
    C$--/sqft
    C$-- HOA

    What's special

    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.
    93 days
    on Zillow
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    38
    |
    2
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    Zillow last checked: 7 hours ago

    Listing updated: May 22, 2025 at 05:35pm

    Listed by:

    CENTURY 21 FIRST CANADIAN CORP

    Source: TRREB,MLS®#: X12167677MLS LogoOriginating MLS®#: London and St. Thomas Association of REALTORS
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air
    Features
    • Separate Hydro Meter, Upgraded Insulation
    • Flooring: Carpet Free
    • Basement: Crawl Space
    • Has fireplace: No
    Interior area
    • Living area range: 2500-3000 null

    Property

    Parking
    • Total spaces: 8
    • Parking features: Garage
    • Has garage: Yes
    Accessibility
    • Accessibility features: Hard/Low Nap Floors
    Features
    • Stories: 1.5
    • Patio & porch: Deck, Porch
    • Exterior features: Landscaped, Year Round Living
    • Pool features: None
    • Has view: Yes
    • View description: Clear, Lake, Skyline
    • Has water view: Yes
    • Water view: Lake,Partially Obstructive
    • Waterfront features: WaterfrontCommunity, Lake
    • Body of water: Lake Erie
    Lot
    • Size: 0.2 Square Feet
    • Features: Arts Centre, Beach, Golf, Lake Access, School Bus Route, Marina, Rectangular Lot
    • Topography: Flat,Dry
    Details
    • Parcel number: 352510446

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Metal/Steel Siding
    • Foundation: Concrete
    • Roof: Metal

    Utilities & green energy

    • Sewer: Sewer

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
    Location
    • Region: Central Elgin

    Financial & listing details

    • Tax assessed value: C$274,000
    • Annual tax amount: C$4,828
    • Date on market: 5/23/2025
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