$949,900
10.20 BTC
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331 Erie Street, Central Elgin
$949,900
PRICE
5
BEDROOMS
3
BATHROOMS
X13106782
MLSID

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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Summary

Address
331 Erie Street
Community
MLSID
X13106782
Property Type
Triplex
Property Category
Bedrooms
5
Bathrooms
3
Kitchens
3
Zoning
R1
Taxes (Annual)
$4,856.00
Tax Year
2026
Published
May 9, 2026
Days on Market
16 Days
Possession Type
Flexible
Possession Details
Immediate If Assuming All The Tenants
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Inclusions

3 Refrigerators, 3 Stoves (incl 1 gas & 2 electric), 3 washers, 3 dryers, 1 dishwasher, 2 rangehoods, 2 microwaves (incl 1 built-in)

Exclusions

Tenants' possessions

Details

Property Features
Arts Centre, Beach, Lake Access, School Bus Route, Library
Bathroom 1
4-Piece Second Level
Bathroom 2
3-Piece Second Level
Bathroom 3
4-Piece Main Level
Basement
Crawl Space, Unfinished
Exterior Features
Deck, Landscaped, Privacy, Year Round Living
Interior Features
Carpet Free
Parking Spaces
6
Parking Total
6
Parking Features
Private Triple
Architectural Style
1 1/2 Storey
Roof
Metal
Construction Materials
Metal/Steel Siding
Lot Width
66 Feet
Lot Depth
132 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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