331 Erie Street, Central Elgin (Port Stanley) ON

About 331 Erie Street

6-7% CAP RATE! INVESTMENT PROPERTY! More unit potential! Prime Village location just steps to Main Beach and walking distance to cafés, groceries, galleries, live music, theatre, parks, the Kettle Creek PS, and year-round amenities. This grandfathered-in Triplex sits on a double residential lot with a low-maintenance steel-clad exterior, large detached double garage, and large backyard. Fully renovated in 2022 with new metal roof and siding, upgraded insulation, new windows/doors, new appliances, tile flooring, and refinished original hardwood. Unit 1: ~1200 sq ft, 2 levels, 3 bright bedrooms, 1 modern bath with skylight, kitchen, laundry, dining room, and a spacious living room with water views. Unit 2: ~675 sq ft, open-concept living/eat-in kitchen, 1 bedroom, 3-pc bath, and in-unit laundry. Unit 3: ~750 sq ft, single level, large bedroom, den/living area, open eat-in kitchen with island, dining room, updated 4-pc bath, and sunroom entry. Parking for 6 vehicles in the private triple driveway; two 100-sq-ft storage sections currently rented in the garage for extra income @$100 ea/month. Two units are tenanted year-round paying inclusive market rents; the third unit is ideal for owner use or STR guests for overall higher annual income. Property incl: 3 Hydro meters, 1 forced Air Gas Furnace, 1 HWT, electrical panel in garage with insulation and heat. Survey and media available in listing. Contact your Realtor to book a showing. LA to be on-site for all showings. (id:56071). Get more information on 331 Erie Street

Property Features

Appliances:  Dishwasher, Dryer, Microwave, Hood Fan, Stove, Washer, Refrigerator
Features:  Flat site, Dry, Carpet Free
Landscape:  Landscaped
Rental Equipment:  Water Heater
Directions:  Cross Streets: William. ** Directions: South into Port Stanley, west on Bridge St, south on William St, west on Erie St, see the triplex ahead on the north side. Park on the street as the parking is reserved for the tenants.
Zoning Description:  R1
Interior Size:  2500 - 3000 sqft
View:  View of water
Community Features:  School Bus
Lot:  66 x 132 FT 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 (Unfinished) Unfinished

Rooms & Sizes

Bedroom 2 Second level 3.23 m x 3.87 m	Bathroom Second level Measurements not available	Primary Bedroom Second level 4.36 m x 3.93 m
Bedroom 2 Second level 3.83 m x 4.04 m	Family room Second level 2.57 m x 2.91 m	Bedroom 3 Second level 3.03 m x 2.72 m
Bathroom Second level Measurements not available	Foyer Main level 1.99 m x 2.09 m	Dining room Main level 3.26 m x 2.1 m
Kitchen Main level 3.02 m x 2.44 m	Sunroom Main level 3.22 m x 1.8 m	Living room Main level 2.18 m x 2.8 m
Dining room Main level 3.26 m x 2.1 m	Kitchen Main level 3.26 m x 5.53 m	Den Main level 2.58 m x 1.8 m
Bedroom Main level 4.87 m x 2.29 m	Dining room Main level 2.41 m x 1.88 m	Bathroom Main level Measurements not available
Kitchen Main level 2.35 m x 2.44 m	Living room Main level 4.55 m x 4.08 m