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483 George Street, Central Elgin, ON N5L 1H1

Central Elgin, ON, N5L 1H1 · Port Stanley

5 Beds
5 Baths
Sq Ft
5 Parking
Multiplex Type
X12954380 MLS#

About this property

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.

Features & Amenities

  • Basement: Partial Basement
  • Garage: None
  • Cooling: Central Air
  • Heat Type: Forced Air
  • Heat Source: Gas
  • Style: 2-Storey
  • Construction: Stucco (Plaster)
  • Sewer: Sewer

Property Details

Property Type Residential Freehold
Property Sub-Type Multiplex
Architectural Style 2-Storey
Bedrooms 5
Bathrooms 5
Lot Size 22,314 Feet
Basement Partial Basement
Garage None
Parking Spaces 5
Heat Type Forced Air
Heat Source Gas
Cooling Central Air
Sewer Sewer
Annual Tax $5,539
Tax Year 2025

Interior Features

Interior Features
Other

Exterior Features

Exterior Features
Patio, Privacy
Other Structures
Storage
Pool Features
None

Building & Construction

Architectural Style
2-Storey
Construction Materials
Stucco (Plaster)
Foundation Details
Poured Concrete
Roof
Metal
Basement
Partial Basement
Approximate Age
51-99

Heating & Cooling

Heat Type
Forced Air
Heat Source
Gas
Cooling
Central Air

Parking & Garage

Garage Type
None
Parking Spaces
5
Parking Total
5.00
Parking Features
Private
Covered Spaces
0

Lot & Land

Lot Size Area
22314.00
Lot Size Units
Feet
Lot Depth
374.57
Lot Width
60.18
Lot Irregularities
60.58 ft x 367.28 ft x 60.18 ft x 374.57

Community & Neighborhood

Property Features
Beach, Golf, Library, Marina, Park, Ravine

Financial & Tax

Tax Annual Amount
$5,539
Tax Year
2025
Tax Assessed Value
$329,000
Possession Type
Flexible
Possession Details
FLEXIBLE

Utilities & Services

Sewer
Sewer

Room Details

Rooms Above Grade
16
Kitchens Above Grade
5
Kitchens Total
5
Bedrooms Above Grade
5

Additional Details

Occupant Type
Owner+Tenant
Direction Faces
South
County Or Parish
Elgin
Cross Street
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.
Special Designation
Unknown
Showing Requirements
Showing System

Location

483 George Street, Central Elgin, ON N5L 1H1, Central Elgin, ON, N5L 1H1

Listing courtesy of RE/MAX CENTRE CITY REALTY INC.
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