Central Elgin (Port Stanley) ON, N5L 1E3
Property Information:
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. A 5% cap rate minimum is achievable here. See the media tabs for an excellent overview of this property. (id:27)
Building Features:
- Style: Triplex
- Building Type: Triplex
- Amenities: Separate Hydro Meters
- Basement Type: Crawl space
- Construction Status: Insulation upgraded
- Easement: Easement
- Exterior Finish: Steel
- Fire Protection: Smoke Detectors
- Floor Space: 2500 - 3000 sqft
- Flooring Type: Tile, Hardwood
- Foundation Type: Concrete
- Heating Type: Forced air
- Heating Fuel: Natural gas
- Cooling Type: Central air conditioning
- Appliances: Water meter, Dishwasher, Dryer, Microwave, Hood Fan, Stove, Washer, Refrigerator
Property Features:
- Property Type: Multi-family
- Bedrooms: 5
- Bathrooms: 3
- Access Type: Year-round access
- Amenities Nearby: Golf Nearby, Marina
- Community Features: School Bus
- Features: Flat site, Dry, Carpet Free
- Floor Space (approx): 2500 - 3000 Square Feet
- Irregular: Yes
- Landscape Features: Landscaped
- Lot Depth: 132.0 Feet
- Lot Frontage: 66.0 Feet
- Lot Size: 66 x 132 FT
- Structure Type: Deck, Porch
- Utility Type: Sewer - Installed, Hydro - Installed
- View Type: Lake view
- Zoning: R1
- Sewer: Sanitary sewer
- Parking Type: Detached garage, Garage
- No. of Parking Spaces: 8
Rooms:
- Bathroom 2nd Level 1.16 m x 2.90 m 3.81 ft x 9.51 ft
- Primary Bedroom 2nd Level 4.36 m x 3.93 m 14.30 ft x 12.89 ft
- 2nd Bedroom 2nd Level 3.83 m x 4.04 m 12.57 ft x 13.25 ft
- 3rd Bedroom 2nd Level 3.03 m x 2.72 m 9.94 ft x 8.92 ft
- Bathroom 2nd Level 2.68 m x 2.13 m 8.79 ft x 6.99 ft
- Primary Bedroom 2nd Level 3.23 m x 3.87 m 10.60 ft x 12.70 ft
- Kitchen Main Level 2.35 m x 2.04 m 7.71 ft x 6.69 ft
- Sun Room Main Level 3.22 m x 2.10 m 10.56 ft x 6.89 ft
- Kitchen Main Level 3.26 m x 7.63 m 10.70 ft x 25.03 ft
- Primary Bedroom Main Level 4.87 m x 2.29 m 15.98 ft x 7.51 ft
- Den Main Level 2.58 m x 1.80 m 8.46 ft x 5.91 ft
- Living Main Level 2.18 m x 2.80 m 7.15 ft x 9.19 ft
- Bathroom Main Level 1.52 m x 2.21 m 4.99 ft x 7.25 ft
- Dining Main Level 2.41 m x 1.88 m 7.91 ft x 6.17 ft
- Living Main Level 4.55 m x 4.08 m 14.93 ft x 13.39 ft
- Kitchen Main Level 3.02 m x 2.44 m 9.91 ft x 8.01 ft
- Living Main Level 4.55 m x 5.00 m 14.93 ft x 16.40 ft
Convert Measurement to:
Courtesy of: CENTURY 21 FIRST CANADIAN CORP
⚠ Potential Investment Performance
There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation
Market Price Trends
Location of 331 ERIE STREET, Central Elgin (Port Stanley), Ontario, N5L 1E3
Demographic Information of 331 ERIE STREET, Central Elgin (Port Stanley), Ontario, N5L 1E3
Life Stage
Midlife FamiliesEmployment Type
MixedAverage Household Income
$129,023.39Average Number of Children
1.54Household Population
Household Structure
Age of Population
Education
Education Level
No certificate/diploma/degree
9.0 %High school certificate or equivalent
34.47 %Apprenticeship trade certificate/diploma
6.84 %College/non-university certificate
26.93 %University certificate (below bachelor)
0.98 %University Degree
21.78 %Commuter
Travel To Work
By Car
97.02 %By Public Transit
0.0 %By Walking
0.48 %By Bicycle
0.0 %By Other Methods
2.5 %Cultural Diversity
Knowledge of Official Language
Mother Tongue
Building Information
Building Type
Apartments (Low and High Rise)
5.45 %Houses
94.55 %