483 George Street, Central Elgin, ON N5L 1H1
For Sale
202 days on Market
MLS® X12421544
1 / 20
Overview
Active
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 Stanley's 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, it's a must-see.
Bedrooms
5
Bathrooms
5.0
Area
1,750 sqft
Lot Size
0.5 acres
Type
Multiplex
Property Details
Year BuiltNot Disclosed
CityCentral Elgin
Postal CodeN5L1H1
Lot Dimensions60.18 × 374.57 ft
Parking5 spaces
Interior Features
Heat: Forced Air
Heat Source: Gas
Cooling: Central Air
Style: 2-Storey
Exterior & Land
Sewer: Sewer
Construction: Stucco (Plaster)
Roof: Metal
Utilities & Services
Heat SourceGas
SewerSewer
483 George Street, Central Elgin, ON N5L 1H1
Purchase Calculator
$1,374,900.00
$288,729.00
⚙️ Rate
Your mortgage interest rate can either be Fixed for the term or Variable.
4.70%
🧾 Amortization
30 years
Scenario Options
First-time Buyer
Newly Built
Insured Prefer
💸 Rental Income
🏠 Home Expenses
$900.00
100%
$400.00
📉 Taxes
🛠️ Maintenance
⚡ Utilities etc.
🛠️ Maintenance
⚡ Utilities etc.
Total Monthly Cost
⚙️
0
/month
Principal & interest
Home expenses
Other expenses
Rental income
- Monthly Mortgage$0.00
- Home Expenses$0.00
- Other Expenses$0.00
- Rental Income$0.00
Mortgage Amount
$0.00
Closing Costs
$0.00
Mortgage Payment$0.00
Net Mortgage$0.00
Interest paid over term$0.00
Balance end of Term$0.00
Effective Amortization30 Years
Property Location
483 George Street, Central Elgin, ON N5L 1H1
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