483 George Street Central Elgin (Port Stanley), Ontario N5L 1H1
$1,374,900
A One-of-a-Kind Investment Opportunity! Welcome to 483 George Street, a standout 5-unit rentalproperty located in the prestigious Mitchell Heights neighbourhood of Port Stanley. Offering afully operational investment opportunity, this property is perfect for those seeking immediatereturns or investors looking to enter the high-demand short-term rental market.The propertyfeatures five fully furnished suites, each with private entrances, and thoughtfully designedinteriors that combine modern luxury with comfort. Every suite is equipped with gourmetkitchens, spa-inspired bathrooms, and high-end furnishings that create an inviting atmospherefor guests. The outdoor areas offer private seating spaces where guests can enjoy the peacefulravine views and lush greenery surrounding the property. Additionally, there is an outdoorbuilding currently used for storage with loads of potential. Whether you envision it as acommon space for guests to enjoy or a separate unit/bunkie for additional rental income, thepossibilities are endless. This property has a proven track record of high occupancy andcontinues to perform strongly in the Airbnb market. Guests are drawn to the serene setting,while also benefiting from the prime location just minutes from Port Stanleys beautifulbeaches, downtown shops, and a variety of dining options. Whether guests are staying for aquick getaway or an extended stay, they appreciate the balance of tranquility and convenience.The property is metered on a single utility account, simplifying operations for the owner, andincludes five dedicated parking spots for guest convenience. It is also zoned and licensed forshort-term rentals, ensuring compliance and peace of mind for both the owner and renters. Forinvestors or individuals seeking a prime income property in one of Port Stanley's mostdesirable neighbourhoods, this offering presents an exceptional opportunity. With its charm,strong financial performance, and location, its a must-see. (id:41954)
Property Details
| MLS® Number | X12421544 |
| Property Type | Multi-family |
| Community Name | Port Stanley |
| Amenities Near By | Beach, Golf Nearby, Marina, Park |
| Equipment Type | Water Heater |
| Features | Sloping, Ravine |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
| Structure | Patio(s) |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Dryer, Microwave, Stove, Washer, Refrigerator |
| Basement Type | Partial |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Stucco |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1500 - 2000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Beach, Golf Nearby, Marina, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 374 Ft ,7 In |
| Size Frontage | 60 Ft ,2 In |
| Size Irregular | 60.2 X 374.6 Ft ; 60.58 Ft X 367.28 Ft X 60.18 Ft X 374.57 |
| Size Total Text | 60.2 X 374.6 Ft ; 60.58 Ft X 367.28 Ft X 60.18 Ft X 374.57 |
| Zoning Description | R1-6 And Os2-9 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Kitchen | 2.53 m | 2.83 m | 2.53 m x 2.83 m |
| Second Level | Bedroom | 6.63 m | 2.84 m | 6.63 m x 2.84 m |
| Second Level | Bathroom | 1.68 m | 2.34 m | 1.68 m x 2.34 m |
| Second Level | Kitchen | 1.78 m | 2.85 m | 1.78 m x 2.85 m |
| Second Level | Bedroom | 5.88 m | 3.4 m | 5.88 m x 3.4 m |
| Second Level | Bathroom | 2.43 m | 1.79 m | 2.43 m x 1.79 m |
| Lower Level | Bathroom | 2.01 m | 2.54 m | 2.01 m x 2.54 m |
| Lower Level | Kitchen | 4.02 m | 4.37 m | 4.02 m x 4.37 m |
| Lower Level | Living Room | 5.15 m | 4.28 m | 5.15 m x 4.28 m |
| Lower Level | Bedroom | 3.58 m | 3.25 m | 3.58 m x 3.25 m |
| Main Level | Bathroom | 1.49 m | 2.15 m | 1.49 m x 2.15 m |
| Main Level | Kitchen | 2.53 m | 2.83 m | 2.53 m x 2.83 m |
| Main Level | Bedroom | 4.74 m | 7.37 m | 4.74 m x 7.37 m |
| Main Level | Bathroom | 1.48 m | 2.32 m | 1.48 m x 2.32 m |
| Main Level | Kitchen | 2.41 m | 2.32 m | 2.41 m x 2.32 m |
| Main Level | Bedroom | 6.76 m | 2.42 m | 6.76 m x 2.42 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
Interested?
Contact us for more information
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September 23 2025 05:24:19
London and St. Thomas Association of REALTORS®
RE/MAX Centre City Realty Inc.