For Sale

331 Erie Street, Central Elgin, Ontario N5L 1E3

$1,250,000

331 Erie Street, Central Elgin, Ontario N5L 1E3 is For Sale and has a listing price of 1,250,000. The property is located in the Central Elgin . It's been on the website for 56 Days.

  • Triplex
    Property Type
  • 5
    Bedrooms
  • 3
    Bathrooms
  • Parking
  • MLS ID: X12102819
  • Office Name CENTURY 21 FIRST CANADIAN CORP
Property Description

A 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 long term leases. This very low-maintenance steel clad building & detached double car garage sits on a double lot with a large grassy backyard the unit 3 tenants tend. Fully renovated with ungraded insulation, all new vinyl windows & doors, originial hardwood flooring combined with new tile flooring where needed. Unit 1 is approx 1200sf on 2 levels with 3 bright bedrooms & 1 modern bathroom with skylight on the upper floor, a kitchen & dining room with laundry, opens up to a large living room with lots of natural light, front windows on both levels see the water. 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 pocket door. Enter this unit from the driveway or backyard, come into the sunroom. Parking available for all units with large double wide driveway for 6 vehicles, a 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! Survey is available.

Property Details
  • Bedrooms: 5
  • MLS ID: X12102819
  • Bathrooms: 3
  • Price: $1,250,000
  • Lot Depth: 132
  • Transaction Types: For Sale
  • Ref ID: X12102819
  • Year Built: N/A
  • Approx Sqft: 2500-3000
  • Dir / Cross St: William St
  • Status: Active
  • Tax Year: 2024
  • Approx Age: 100+
  • Property Type: Triplex
  • Property Type: All Houses
  • Property Sub Category: Triplex
Price History
List Date MLS ID List Price Status End Date Closed Price
05/23/2025 X12167677 $1,190,000 For Sale - -
04/24/2025 X12102819 $1,250,000 For Sale - -
07/12/2024 X9035576 $1,250,000 Expired -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Central Elgin
  • $1,275,788 Average List Price
    based on 1 year
  • 13 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 135.32 % Up
  • Sold (12mo) 93
  • Rented (12mo) 13

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 56 Walk Score
    Somewhat Walkable
  • 44 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    85.27%
  • Commercial
    6.61%
  • Condo
    7.98%
  • Land for Sale
    0.14%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style 1 1/2 Storey
  • Washroom Type1: 1
  • Garage Type Detached
  • Parking Spaces: 6
  • Exterior Y
  • Kitchen 3
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 3 # Pcs: 3
  • Washrooms Type 2: 1
  • Washrooms Type 3: 1
  • Taxes: $4,828
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate if taking all tenants; 60 days if taking
  • Listing Entry Date: 24/04/2025 21:24:17
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