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.
Under Contract:
Hot Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
1 1/2 Storey
Approx. Age:
100+
Total Approx Floor Area:
2500-3000
Lot Size:
<.50
Depth:
132'40.2 m
Frontage:
66'20.1 m
Lot Shape:
Rectangular
Direction Faces:
North
Bedrooms:
5
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
5
Kitchens Above Grade:
3
Rooms Above Grade:
16
Ensuite Laundry:
No
Fractional Ownership:
No
Zoning:
R1
Assignment:
No
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Metal
Basement:
Crawl Space
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
2.0
Parking Features:
Private Double
Parking Spaces:
6
Total Parking Spaces:
8.0
Family Room:
No
Possession Details:
Immediate if taking all tenants; 60 days if taking one unit vacant.
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment:
$274,000
Assessment Year:
2025
Taxes:
$4,828.14 /
2024
Assessment:
$274,000.00 /
2025
Central Elgin
Port Stanley
Elgin
School Bus Route, Park, Lake Access, Beach, Arts Centre, Golf
Carpet Free
Year Round Living, Porch, Landscaped
Carbon Monoxide Detectors, Smoke Detector
Hot Water Heater
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).
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