242 Victoria ST Active Save Request In-Person Tour Request Virtual Tour
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
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
Kitchen 2
Interior
Cooling Window Unit(s)
Exterior
Exterior Feature Privacy,Porch
Parking Features Available,Front Yard Parking,Lane,Private,Private Double
Garage Spaces 2.0
Pool None
Roof Type Shingles
Building
Building Age 100+
Foundation Concrete