$479,900
2.99 BTC
Photos
242 Victoria Street, Central Elgin
$479,900
PRICE
4
BEDROOMS
2
BATHROOMS
X12370475
MLSID

242 Victoria Street, Central Elgin

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.
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Summary

Address
242 Victoria Street
Community
MLSID
X12370475
Property Type
Duplex
Property Category
Bedrooms
4
Bathrooms
2
Kitchens
2
Taxes (Annual)
$3,062.00
Tax Year
2024
Published
August 29, 2025
Days on Market
16 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Refrigerator x2, Stove x2, Washer x2, Dryer x2

Exclusions

Tenant's belongings

Details

Property Features
Library, Park, Place Of Worship
Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Second Level
Basement
Unfinished, Partially Finished
Exterior Features
Privacy, Porch
Interior Features
Accessory Apartment, Guest Accommodations, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Storage Area Lockers, Water Heater, Workbench
Parking Spaces
4
Parking Total
6
Parking Features
Available, Front Yard Parking, Lane, Private, Private Double
Architectural Style
2-Storey
Roof
Shingles
Construction Materials
Aluminum Siding
Lot Width
66 Feet
Lot Depth
116 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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