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331 ERIE STREET, Central Elgin (Port Stanley)
2025-05-23
Quick Summary
MLS®#X12167677
Property Description
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. A 5% cap rate minimum is achievable here. See the media tabs for an excellent overview of this property. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Beach, Golf Nearby, Marina
Building
- Amenities: Separate Electricity Meters
- Appliances: Water meter, Dishwasher, Dryer, Microwave, Hood Fan, Stove, Washer, Refrigerator
- Basement Type: Crawl space
- Cooling Type: Central air conditioning
- Exterior Finish: Steel
- Fireplace: No
- Flooring Type: Tile, Hardwood
- Interior Size: 2500 - 3000 sqft
- Building Type: Triplex
- Stories: 1.5
- Utility Water: Municipal water
Features
- Feature: Flat site, Dry, Carpet Free
Land
- Land Size: 66 x 132 FT|under 1/2 acre
- Sewer: Sanitary sewer
Structure
- Structure: Deck, Porch
Zoning
- Description: R1
Information entered by CENTURY 21 FIRST CANADIAN CORP
Listing information last updated on: 2025-10-23 00:23:03
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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