249 Victoria Street, Central Elgin, ON

$599,900
MLS#:X12250820
5 beds
3 baths
1500-2000 sqft
5.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Belmont. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $599,900 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 1500-2000 sqft on a premium 66 x 132.36 ft lot
  • Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available
  • Notable attributes: Sump Pump, Water Heater
  • Efficient forced air heating via gas

Description

Charming triplex in the heart of Belmont Village! This well maintained triplex offers a fantastic investment opportunity in a quiet, welcoming community. Set on a spacious mature lot, the property has seen numerous updates over the years, including a newer kitchen in both the main and upper units, refreshed upper unit bathroom, some new windows, and updated eaves, soffits, and fascia. A standout feature is the 24x24 detached garage/shop ideal for storage or added rental value. The upper and main floor units each offer 2 bedrooms, while the lower unit features a cozy one bedroom layout. Lower unit is currently vacant perfect for landlord living and other units are fully tenanted and generating solid income, making this a turnkey opportunity for investors looking to expand their portfolio. Located within walking distance to town amenities, this property combines convenience, charm, and cash flow.

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Key Features

Bedrooms
5
Bathrooms
3
Kitchens
3
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusPrice Change
Listed Date6/27/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeTriplex
Architectural Style2-Storey
ConstructionBrick, Vinyl Siding
BasementSeparate Entrance, Finished
Lot Size66 × 132.36 Feet
CountyElgin
Annual Tax$3,964.74
Legal DescriptionPART LOTS 23 AND 24 BLOCK F PLAN 319 AS IN 806387 AND PART OF NORTH ALLEY BLOCK F CLOSED BY ORDER NO. LT262146, PLAN 319 DESIGNATED AS PART 1 PLAN 33R-10479, "DESCRIPTION IN 806387 MAY NOT BE ACCEPTABLE IN THE FUTURE." VILLAGE OF BELMONT

Parking & Garage

Parking Spaces5.0
Garage Spaces5
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Interior Features

Sump Pump, Water Heater

Security Features

Community Features

Location

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249 Victoria Street, Central Elgin, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 249 Victoria Street, Central Elgin, ON N0L 1B0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Financial Audit

Estimated Costs

Loan Amount$479,920
Monthly Mortgage$2,789
Property Tax (Est.)$330
Utilities & Maint.$350
Total Monthly Cost$3,469

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Central Elgin.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Belmont, Central Elgin.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$702,794

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.