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Home ON Greater London Elgin County Central Elgin
483 GEORGE STREET
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483 GEORGE STREET $1,374,900
$1,374,900
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483 GEORGE STREET
Central Elgin, Ontario N5L1H1

MLS® Number: X12419290
5
Bathrooms
22314
Square Feet

Listing Description

A One-of-a-Kind Investment Opportunity! Welcome to 483 George Street, a standout 5-unit rental property located in the prestigious Mitchell Heights neighbourhood of Port Stanley. Offering a fully operational investment opportunity, this property is perfect for those seeking immediate returns or investors looking to enter the high-demand short-term rental market.The property features five fully furnished suites, each with private entrances, and thoughtfully designed interiors that combine modern luxury with comfort. Every suite is equipped with gourmet kitchens, spa-inspired bathrooms, and high-end furnishings that create an inviting atmosphere for guests. The outdoor areas offer private seating spaces where guests can enjoy the peaceful ravine views and lush greenery surrounding the property. Additionally, there is an outdoor building currently used for storage with loads of potential. Whether you envision it as a common space for guests to enjoy or a separate unit/bunkie for additional rental income, the possibilities are endless. This property has a proven track record of high occupancy and continues 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 beautiful beaches, downtown shops, and a variety of dining options. Whether guests are staying for a quick 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, and includes five dedicated parking spots for guest convenience. It is also zoned and licensed for short-term rentals, ensuring compliance and peace of mind for both the owner and renters. For investors or individuals seeking a prime income property in one of Port Stanley's most desirable neighbourhoods, this offering presents an exceptional opportunity. With its charm, strong financial performance, and location, its a must-see. (41315729)

Location Description

Cross Streets: CARLOW ROAD. ** Directions: FROM ST.THOMAS HEAD COUTH ON SUNSET DRIVE TOWARDS PORT STANLEY. TURN RIGHT ONTO BRIDGE STREET, CONTINUE ON BRIDGE STREET, IT TURNS INTO GEORGE STREET, CONTINUE DOWN GEORGE STREET, PROPERTY WILL BE ON YOUR RIGHT AT THE TOP OF THE HILL.

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Square Footage
22314 sqft
Community Name
Rural Central Elgin
Land Size
Bldg=60.18 x 374.57 FT ; 60.58 ft x 367.28 ft x 60.18 ft x 374.57
Age Of Building
51 to 99 years
Annual Property Taxes
$5,539
Total Parking Spaces
5
Time on REALTOR.ca
84 days

Building

Bathrooms
Total
5
Interior Features
Appliances Included
Dryer, Microwave, Washer
Building Features
Rental Equipment
Water Heater
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)
Parking
Total Parking Spaces
5

Measurements

Square Footage
22314 sqft
Exterior Building Size
22314 sqft

Land

Lot Features
Frontage
60 ft ,2 in
Land Depth
374 ft ,6 in
Other Property Information
Zoning Description
R1-6 and OS2-9
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