Was listed for:Expired Dec 31, 2025
$479,900

242 Victoria Street

Central Elgin (Belmont), ON N0L 1B0

Multiplex ExpiredNot available

Property not available for sale or for rent.

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Sale & Price History for 242 Victoria Street, Central Elgin, Belmont

2025-08-29
2025-12-31
Expired
Price
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MLS#
x12370475

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 242 Victoria Street, Central Elgin, Belmont

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,062
Land Transfer Tax Fee
$6,073

Rental Items

Under Contract
Hot Water Heater

Basement Type
Unfinished, Partially Finished

Interior Features

Laundry Level
Main Level
Interior Extras
Accessory Apartment, Guest Accommodations, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Storage Area Lockers, Water Heater, Workbench
Fireplace/Stove
No
Elevator
No

Exterior Features

Exterior Extras
Privacy, Porch
Pool
None
Property Features
Library, Park, Place Of Worship

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
100+

Construction

Exterior Finish
Aluminum Siding
Roof
Shingles
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
66.00 ft
Lot Depth
115.50 ft
Lot Shape
Rectangular

Inclusions

Inclusions
Refrigerator x2, Stove x2, Washer x2, Dryer x2

Exclusions

Exclusions
Tenant's belongings

Parking & Garages

Garage Type
Detached
Garage Spaces
2
Parking Spaces
4
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Window Unit(s)
Water
Municipal
Sewers
Sewer
Hydro
Yes
Cable
Available
Telephone
Available

Bedrooms
4
Washrooms
2
Kitchens
2
Family / bonus room
Yes

Washrooms

  • 4-piece, Main
  • 4-piece, Second

Municipality
Central Elgin
Neighbourhood
Belmont
Main cross streets
CHURCH AND WASHBURN
Directions
CHURCH AND WASHBURN

MLS® number
X12370475
Data source
Toronto Regional Real Estate Board
Status change
2025-12-31
Listed on
2025-08-29
Days on market
124 days
Possession type
Flexible
Co-op commission
2% plus HST
Seller
Listed by
CENTURY 21 FIRST CANADIAN CORP

Home Market Value

Current home valuation for 242 Victoria Street, Central Elgin, Belmont, Central Elgin, ON. Listed for $479,900

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Estimated Sales Range

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HOMEH Estimate for 242 Victoria Street, Central Elgin, Belmont

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Central Elgin, ON
Minimum Down Payment Required:5.0%

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Minimum down payment

$23,995

Scenario 1 Scenario 2 Scenario 3 Scenario 4
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%
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%
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%
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+CMHC insurance
$18,236$13,389$11,422$0
=Total mortgage
$474,141$445,299$419,337$383,920
Amortization
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%
%
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Payment frequency
=Mortgage payment
$2,315monthly$2,174monthly$2,047monthly$1,874monthly
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Land Transfer Tax

Provincial

$6,073

Total Land Transfer Tax

$6,073

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