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242 VICTORIA STREET, Central Elgin (Belmont)
2025-08-29
Quick Summary
- Location
- 242 VICTORIA STREET, Central Elgin (Belmont), Ontario N0L1B0
- Price
- $479,900
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 1500 - 2000 sqft
- Bedrooms:
- 4
- Bathrooms:
- 2
MLS®#X12370475
Property Description
ATTENTION INVESTORS & HOMEOWNERS SEEKING MORTGAGE SUPPLEMENT! Rare opportunity to own a legal up/down duplex in the welcoming community of Belmont. Whether you're seeking a turn-key income property or a home with rental potential to help offset your mortgage, this property checks all the boxes. Ideally located minutes from London, St. Thomas, and Highway 401, Belmont offers small-town charm with easy access to city amenities. Local favorites include Tim Hortons, Fresh mart, LCBO, Belmont Arena, Union Street Park, Belmont Golf Club, and Belmont Town Restaurant & Catering. Situated on a quiet street with a generous lot, the property features a private double-wide driveway with parking for 4+ vehicles and a large 18x36 garage/workshop. Each unit (main and upper) boasts 2 spacious bedrooms, a full bath, full kitchen, open living/dining area, in-suite laundry, separate hydro meters, and private entrances. The main floor tenant currently enjoys exclusive use of the garage, set up as a workshop/man cave. The backyard offers plenty of greenspace and backs onto Belmont United Church, creating a peaceful setting. Both units are tenanted month-to-month by quiet, long-term residents who would be happy to stay, providing immediate cash flow. Well maintained and truly turn-key, this duplex offers flexibility, steady income, and a lifestyle opportunity in a growing, family-friendly community. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Place of Worship
Building
- Amenities: Separate Electricity Meters
- Appliances: Water Heater, Dryer, Stove, Washer, Refrigerator
- Basement Development: Unfinished,Partially finished
- Basement Type: N/A (Unfinished), N/A (Partially finished)
- Cooling Type: Window air conditioner
- Exterior Finish: Aluminum siding
- Fireplace: No
- Interior Size: 1500 - 2000 sqft
- Building Type: Duplex
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Lane, Level, Guest Suite
Land
- Land Size: 66 x 115.5 FT
- Sewer: Sanitary sewer
Structure
- Structure: Porch
Information entered by CENTURY 21 FIRST CANADIAN CORP
Listing information last updated on: 2025-10-23 00:28:41
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
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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