242 Victoria ST new Save Request In-Person Tour Request Virtual Tour
Central Elgin,ON N0L 1B0
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Belmont
MLS Listing ID X12370475
Style 2-Storey
Bedrooms 4
Building Age 100+
Annual Tax Amount $3,062
Tax Year 2024
Property Sub-Type Duplex
Property Description
ATTENTION INVESTORS & HOMEOWNERS SEEKING MORTGAGE SUPPLEMENT! Rare opportunity to own a legal up/down duplex in the welcoming community of Belmont. Whether you're seeking a turn-key income property or a home with rental potential to help offset your mortgage, this property checks all the boxes. Ideally located minutes from London, St. Thomas, and Highway 401, Belmont offers small-town charm with easy access to city amenities. Local favorites include Tim Hortons, Fresh mart, LCBO, Belmont Arena, Union Street Park, Belmont Golf Club, and Belmont Town Restaurant & Catering. Situated on a quiet street with a generous lot, the property features a private double-wide driveway with parking for 4+ vehicles and a large 18x36 garage/workshop. Each unit (main and upper) boasts 2 spacious bedrooms, a full bath, full kitchen, open living/dining area, in-suite laundry, separate hydro meters, and private entrances. The main floor tenant currently enjoys exclusive use of the garage, set up as a workshop/man cave. The backyard offers plenty of greenspace and backs onto Belmont United Church, creating a peaceful setting. Both units are tenanted month-to-month by quiet, long-term residents who would be happy to stay, providing immediate cash flow. Well maintained and truly turn-key, this duplex offers flexibility, steady income, and a lifestyle opportunity in a growing, family-friendly community.
Location
Province ON
County Elgin
Community Belmont
Area Elgin
Rooms
Family Room Yes
Basement Unfinished,Partially Finished
Kitchen 2
Interior
Interior Features Accessory Apartment,Guest Accommodations,In-Law Capability,Primary Bedroom - Main Floor,Separate Hydro Meter,Storage Area Lockers,Water Heater,Workbench
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Privacy,Porch
Parking Features Available,Front Yard Parking,Lane,Private,Private Double
Garage Spaces 2.0
Pool None
Roof Type Shingles
Topography Level
Lot Frontage 66.0
Lot Depth 115.5
Total Parking Spaces 6
Building
Unit Features Library,Park,Place Of Worship
Foundation Concrete