331 ERIE STREET Active Save Request In-Person Tour Request Virtual Tour
Central Elgin (port Stanley),ON N5L1E3
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $476
Subdivision Port Stanley
MLS Listing ID X12167677
Bedrooms 5
Source London and St. Thomas Association of REALTORS®
Property Description
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:24570)
Location
Province ON
Lake Name Lake Erie
Rooms
Kitchen 3.0
Extra Room 1 Second level 1.16 m X 2.9 m Bathroom
Extra Room 2 Second level 4.36 m X 3.93 m Primary Bedroom
Extra Room 3 Second level 3.83 m X 4.04 m Bedroom 2
Extra Room 4 Second level 3.03 m X 2.72 m Bedroom 3
Extra Room 5 Second level 2.68 m X 2.13 m Bathroom
Extra Room 6 Second level 3.23 m X 3.87 m Primary Bedroom
Interior
Heating Forced air
Cooling Central air conditioning
Flooring Tile,Hardwood
Exterior
Parking Features Yes
Community Features School Bus
View Y/N Yes
View Lake view
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped
Story 1.5
Sewer Sanitary sewer
Water Lake Erie
Others
Virtual Tour https://youriguide.com/331_erie_st_port_stanley_on/