331 Erie Street, Central Elgin, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey triplex located in the coveted neighborhood of Port Stanley. Expertly crafted featuring premium metal/steel siding construction, this residence presents an exceptional opportunity offered at $890,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 66 x 132 ft lot
- Features a full, unfinished, crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 10.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Separate Hydro Meter, Upgraded Insulation
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Prime Village location just steps to Main Beach and walking distance to cafés, groceries, galleries, live music, theatre, parks, the local Public School, 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, parking for 6, and low taxes!! 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. 2 -10x10' 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. 24 hr notice to show due to tenants. Do not speak to tenants. Contact your Realtor to book a showing. LA to be on-site for all showings as per tenants' request.
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Property Summary
This triplex located at 331 Erie Street, Central Elgin is currently for sale and has been available on SousaSells for 1 day. This property is listed at $890,000 with an estimated mortgage of $2,962* per month. It has 5 beds, 3 bathrooms, and is 2000-2500 square feet. 331 Erie Street, Central Elgin is in the Port Stanley neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Port Stanley, Central Elgin.
- •5 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Port Stanley, Central Elgin.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Arts Centre
- Beach
- Lake Access
- Park
- School Bus Route
Interior Features
- Separate Hydro Meter
- Upgraded Insulation
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 331 Erie Street, Central Elgin, ON
Q.What is the asking price for 331 Erie Street, Central Elgin, ON ?
The current listing price for 331 Erie Street, Central Elgin, ON in Port Stanley, Central Elgin is $890,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 3 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 331 Erie Street, Central Elgin, ON ?
331 Erie Street, Central Elgin, ON is a Triplex (1 1/2 Storey) featuring a Full, Unfinished, Crawl Space basement.
Q.What key property features does 331 Erie Street, Central Elgin, ON offer?
Key property features include: Arts Centre, Beach, Lake Access, Park, School Bus Route.
Q.What interior features are included in this home?
Interior highlights include: Separate Hydro Meter, Upgraded Insulation.
Q.Is parking available at this property?
Yes, this property offers parking space for 10.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 331 Erie Street, Central Elgin, ON N5L 1E3
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Central Elgin, ON
For a property listed at $890,000 in Central Elgin, the legal minimum down payment is $64,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $14,275 for this transaction. As this listing is in Central Elgin (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $14,275.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.