125 days on market
Virtual Tour360°
$1,250,000
For Sale

331 Erie St

Port Stanley, Central Elgin

5+null Bed|3 Bath|Yes|125 days on market

$1,250,000

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Home Details

Taxes
$403 / month
Total Parking Spots
8
Driveway
Pvt Double
Garage Spaces
2
Furnished
No
Lot Size
66 x 132 Feet
Move-in Date
Immediate if taking all tenants; 60 days if taking one unit vacant.
Building Age
100+ Years
Hydro Included
No
Heating
Forced Air
Water Included
No
Kitchens
3
Family Room
Yes
Basement
Crawl Space
Fireplace
N
Air Conditioning
Central Air
Central Vaccum
No
Laundry Access
Main
Exterior
Metal/Side
Zoning
R1
Sewer
Sewers
Property Type
Triplex
Style
1 1/2 Storey
Status
New
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Listing 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.
3 Refrigerators, 3 stoves (incl 1 gas stove & 2 electric stoves), 3 washers, 3 dryers, 1 dishwasher, 1 rangehood, 2 microwaves ( incl one built-in microwave).

Property History

or to view this property's history
Listing DateDOMList PriceSold PriceEventMLS ID
Jul 12, 2024231$1,250,000N/AExpiredX9035576
Jan 2, 2024N/A$132,000N/ASoldX7596438
Aug 25, 2023N/A$270,000N/ASoldX7903394
Mar 21, 2023N/A$262,500N/ASoldX7604016

Rooms

Room dimensions for 331 Erie St, Central Elgin
Kitchen
8 x 756 sqft
Dining
8 x 648 sqft
Living
15 x 13195 sqft
Primary
14 x 13182 sqft
3rd Br
10 x 990 sqft
2nd Br
13 x 13169 sqft
Kitchen
10 x 880 sqft
Living
15 x 16240 sqft
Br
11 x 13143 sqft
Bathroom
4 x 1040 sqft
Kitchen
11 x 25275 sqft
Br
16 x 8128 sqft
Bathroom
7 x 535 sqft
Sunroom
11 x 777 sqft
Den
8 x 648 sqft
Living
7 x 963 sqft

Market Trends and Insights

Mortgage Calculator

Your estimated monthly payment for 331 Erie St is 6565

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Ammortization

Down Payment

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Total Mortgage


Purchase Price$1250000
Down Payment$250000
Mortgage Insurance$0
Total Mortgage$1000000

Monthly Payment


Mortgage Payment$6162
Property Taxes$402
Maintenance Fees$0
Monthly Payment$6565
$6565
monthly

About 331 Erie St, Central Elgin

Located at 331 Erie St , this Central Elgin house is available for sale. This property was listed for $1,250,000 on Thu Apr 24 2025. This house's size is 2500-3000 Sqft. It has 5 bedrooms and 3 bathrooms. The property includes the following rooms: Kitchen, Dining, Living, Primary, 3rd Br, 2nd Br, Kitchen, Living, Br, Bathroom, Kitchen, Br, Bathroom, Sunroom, Den, Living. This property comes with 8 parking spots. 331 Erie St, Central Elgin is situated in the Port Stanley neighbourhood.


MLS#: X12102819 · $1,250,000 · 5 bedroom house in Port Stanley, Central Elgin