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.
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 Depth:
132'40.2 m
Lot Frontage:
66'20.1 m
Topography:
Dry, Flat
Direction Faces:
North
Bedrooms:
5
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
5
Kitchens Above Grade:
3
Rooms Above Grade:
21
Fractional Ownership:
No
Zoning:
R1
Assignment:
No
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Metal
Basement:
Crawl Space, Unfinished
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
0.0
Other Structures:
None
Parking Features:
Private Triple
Parking Spaces:
6
Total Parking Spaces:
6.0
Family Room:
No
Possession Details:
Immediate if assuming all the tenants
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Taxes:
$4,856 /
2026
Assessment:
$- /
2025
Elgin
Central Elgin
Port Stanley
Arts Centre, Beach, Lake Access, School Bus Route, Library
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