331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin
  • 331 ERIE STREET Central Elgin

331 ERIE STREET, Central Elgin, Ontario

$1,250,000

  • 5 Beds
  • 3 Baths

Boost your real estate portfolio with this low-maintenance, high-yield investment opportunity! This 2,798 sq. ft. fully renovated triplex comes with a detached 20x33 double car garage on a spacious lot, offering long-term value and strong rental income. Fully tenanted by last Sept 1st with three excellent long-term tenants on one-year leases at current market rents, ensuring immediate cash flow. Low taxes enhance profitability, while extensive 2022 renovations include modern kitchens and baths, upgraded finishes, and original hardwood flooring throughout, with new flooring added where needed. Each unit has separate hydro meters and upgraded insulation, and the metal-clad exterior ensures durability with minimal upkeep. Dont miss this turnkey, worry-free investment! Unit #1: A spacious 3-bedroom, 1 full 4-piece bath home spanning approximately 1,200 sq. ft. over two levelsideal for families or professionals seeking ample living space.Unit #2: A cozy yet functional 1-bedroom, 1 full 3-piece bath unit covering approximately 675 sq. ft. across two levelsperfect for singles or couples.Unit #3: A bright and airy 1-bedroom + den, 1 full 4-piece bath unit with an open-concept layout on one floor, including a beautiful sunroomapproximately 700 sq. ft. of comfortable living. All units come equipped with in-suite laundry and full appliances. With immediate possession, the buyer will assume all current tenants, providing steady cash flow while offering the flexibility to convert units into high-revenue short-term rentals as they become available. This is a rare opportunity to maximize returns in a sought-after area. Legal Non-Conforming Triplex under R1 zoning. Seamless transition. Assume tenants and convert units as they vacate. 24-hour notice required for showings Serious inquiries only. Don't miss out on this versatile investment opportunity! See media tabs for more visual information. Book your showing asap! (id:56241)

  • Listing ID: X9035576
  • Property Type: Multi-family
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Rooms

LevelTypeDimensions
Bathroom Second level 1.16 m x 2.97 m
Primary Bedroom Second level 4.36 m x 3.93 m
Bedroom Second level 3.83 m x 4.04 m
Bedroom Second level 3.03 m x 2.72 m
Bathroom Second level 2.68 m x 2.13 m
Bedroom Second level 3.23 m x 3.87 m
Kitchen Main level 2.35 m x 2.04 m
Kitchen Main level 3.26 m x 5.53 m
Dining room Main level 2.41 m x 1.88 m
Living room Main level 4.55 m x 4.08 m
Kitchen Main level 3.02 m x 2.44 m
Living room Main level 4.59 m x 5 m

Details

  • Easement: Unknown, None
  • Equipment: Water Heater
  • Features: Flat site, Dry, Carpet Free
  • Parking Spaces: 8
  • Rental Equipment: Water Heater
  • Structure: Porch, Deck
  • Transaction: For sale
  • View: View of water, Lake view
  • Water Body Name: Erie
  • Zoning Description: R1

Building

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Stove, Washer
  • BasementType: Crawl space
  • Bedrooms Main Level: 5
  • Constructed Status: Insulation upgraded
  • Cooling: Central air conditioning
  • Exterior Finish: Steel
  • Fireplace Present: False
  • Fire Protection: Smoke Detectors
  • Foundation: Concrete
  • Bathrooms (Total): 3
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 2499.9795 - 2999.975 sqft
  • Stories Total: 2
  • Type: Other
  • Utility Water: Municipal water

Land

  • Access Type: Year-round access
  • Sewer: Sanitary sewer
  • Size Frontage: 66 ft
  • Size Irregular: 66 x 132 FT
MLS®

Listing provided by CENTURY 21 FIRST CANADIAN CORP
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REALTOR®

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 331 ERIE STREET in Central Elgin Ontario. It was last modified on July 12th, 2024. Contact us to schedule a viewing or to discover other Central Elgin real estate for sale.

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