331 Erie Street, Central Elgin (Port Stanley) ON

About 331 Erie Street

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:56071). Get more information on 331 Erie Street

Property Features

Appliances:  Water meter, Dishwasher, Dryer, Microwave, Hood Fan, Stove, Washer, Refrigerator
Features:  Flat site, Dry, Carpet Free
Landscape:  Landscaped
Rental Equipment:  Water Heater
Directions:  William St
Zoning Description:  R1
Interior Size:  2500 - 3000 sqft
View:  Lake view
Community Features:  School Bus
Amenities:  Separate Electricity Meters
Access:  Year-round access
Lot:  66 x 132 FT|under 1/2 acre 66 x 132 FT
Exterior Finish:  Steel
Flooring:  Tile, Hardwood
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age: 100+ years
Foundation: Concrete
Basement:  Crawl space

Rooms & Sizes

Bathroom Second level 1.16 m x 2.9 m	Primary Bedroom Second level 4.36 m x 3.93 m	Bedroom 2 Second level 3.83 m x 4.04 m
Bedroom 3 Second level 3.03 m x 2.72 m	Bathroom Second level 2.68 m x 2.13 m	Primary Bedroom Second level 3.23 m x 3.87 m
Kitchen Main level 2.35 m x 2.04 m	Sunroom Main level 3.22 m x 2.1 m	Kitchen Main level 3.26 m x 7.63 m
Primary Bedroom Main level 4.87 m x 2.29 m	Den Main level 2.58 m x 1.8 m	Living room Main level 2.18 m x 2.8 m
Bathroom Main level 1.52 m x 2.21 m	Dining room Main level 2.41 m x 1.88 m	Living room Main level 4.55 m x 4.08 m
Kitchen Main level 3.02 m x 2.44 m	Living room Main level 4.55 m x 5 m