331 Erie Street
Central Elgin (Port Stanley)331 Erie Street
Central Elgin (Port Stanley)
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About this home
331 Erie Street, Central Elgin
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.
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Rooms
21 rooms · 3 bathrooms
- Foyer6′6″ × 6′10″45 sq.ft.
- Dining room7′11″ × 6′2″49 sq.ft.
- Kitchen7′9″ × 8′62 sq.ft.
- Living room14′11″ × 13′5″200 sq.ft.
- Living room9′6″ × 7′1″67 sq.ft.
- Dining room10′8″ × 6′11″74 sq.ft.
- Kitchen9′11″ × 8′79 sq.ft.
- Sunroom10′7″ × 5′11″62 sq.ft.
- Living room7′2″ × 9′2″66 sq.ft.
- Dining room10′8″ × 6′11″74 sq.ft.
- Kitchen10′8″ × 18′2″194 sq.ft.
- Den8′6″ × 5′11″50 sq.ft.
- Bedroom16′ × 7′6″120 sq.ft.
- Bathroom—
- Primary bedroom14′4″ × 12′11″184 sq.ft.
- Bedroom 212′7″ × 13′3″167 sq.ft.
- Family room8′5″ × 9′7″81 sq.ft.
- Bedroom 39′11″ × 8′11″89 sq.ft.
- Bathroom—
- Bedroom 210′7″ × 12′8″135 sq.ft.
- Bathroom—
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