483 George Street, Central Elgin, ON N5L 1H1
Central Elgin, ON, N5L 1H1 · Port Stanley
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