331 Erie Street
Central Elgin, ON
- 5 bed
- 3 bath
- approx. 2000-2500 sqft
- Triplex
- 41 days on market
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, driveway 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 self-directed iGuide Tour (media tab) are available in listing to view all units virtually. 24 hr notice to show the units, and tenants need to confirm. Do not speak to tenants directly. Contact your Realtor to book a showing. LA to be on-site for all showings as per tenants' request. Financials are available to buyers.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $4,613
- Listed
- August 8, 2026
Price History
Listing history
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Property
- Style
- 1 1/2 Storey
- Age
- 100+
- Construction
- Metal/Steel Siding
- Roof
- Metal
- Foundation
- Poured Concrete
- Interior
- Separate Hydro Meter, Upgraded Insulation
- Lot Size
- 66 x 132 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 4
- Total Parking
- 10
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- William St
- Zoning
- R1
- Parcel Number
- 352510446
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 3 Refrigerators, 3 Stoves (incl 1 gas & 2 electric), 3 washers, 3 dryers, 1 dishwasher, 2 rangehoods, 2 microwaves (incl 1 built-in)
- Exclusions
- Tenants' possessions
- Rental Items
- none
Schools
Elementary
- Kettle Creek Public School1.3 km
Public · Thames Valley DSB · 415 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 41% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N5L
- Population
- 3,714
- Private dwellings
- 2,003
- Median age
- 57.6
- Average household size
- 2.2
- Median household income
- $89,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Central Elgin · last 12 months
- Median sold price
- $633,000
- Homes sold
- 215
- Median days on market
- 40
- Sale-to-list price
- 97.0%
Based on 215 recorded sales of residential freehold properties in Central Elgin over the last 12 months.
Rooms
4-piece on Second, 3-piece on Second, 4-piece on Main
Second
- Bathroom8'10" x 7'
- Bathroom3'10" x 9'9"
- Bedroom 212'7" x 13'3"
- Bedroom 39'11" x 8'11"
- Family Room8'5" x 9'7"
- Primary Bedroom10'7" x 12'8"
- Primary Bedroom14'4" x 12'11"
Main
- Bathroom7'3" x 5'
- Bedroom 27'2" x 9'2"
- Den8'6" x 5'11"
- Dining Room10'8" x 9'3"
- Dining Room10'8" x 6'11"
- Dining Room8' x 6'2"
- Foyer6'6" x 6'10"
- Kitchen7'9" x 8'
- Kitchen9'11" x 8'
- Kitchen10'8" x 18'2"
- Living Room14'11" x 13'5"
- Living Room9'6" x 7'1"
- Primary Bedroom16' x 7'6"
- Sunroom10'7" x 6'2"
Listed by
CENTURY 21 FIRST CANADIAN CORP
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$178,000
Estimated Monthly Payment
$4,372
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,372/mo (20% down, 5.5%)
Taxes: $384/mo · Insurance: $223/mo
Estimates only. Consult a financial advisor.
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