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Royal LePage
Royal LePage
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$479,900

Central Elgin (Belmont) ON, N0L 1B0

MLS® # X12370475

Property Information:

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:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Air Conditioning: Yes
  • Amenities: Separate Hydro Meters
  • Basement Development: Unfinished, Partially finished
  • Basement Type: N/A, N/A
  • Exterior Finish: Aluminum siding
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Window air conditioner
  • Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 2
  • Amenities Nearby: Park
  • Features: Lane, Level, Guest Suite
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 115.5 Feet
  • Lot Frontage: 66.0 Feet
  • Lot Size: 66 x 115.5 FT
  • Structure Type: Porch
  • Utility Type: Hydro - Installed, Sewer - Installed, Cable - Available
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 6

Courtesy of: CENTURY 21 FIRST CANADIAN CORP

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 242 VICTORIA STREET, Central Elgin (Belmont), Ontario, N0L 1B0

Demographic Information of 242 VICTORIA STREET, Central Elgin (Belmont), Ontario, N0L 1B0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$145,336.33

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.04 %

High school certificate or equivalent

27.93 %

Apprenticeship trade certificate/diploma

9.52 %

College/non-university certificate

31.4 %

University certificate (below bachelor)

1.49 %

University Degree

19.63 %

Commuter

Travel To Work

By Car

97.55 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

2.45 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

6.07 %

Houses

93.93 %

Own Vs. Rent

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