483 George Street, Central Elgin, ON N5L 1H1

For Sale 202 days on Market MLS® X12421544
Asking Price
$1,374,900
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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

Financial Information

List Price$1,374,900
Annual Taxes$5,539 (2025)
Days on Market202
MLS® X12421544 • Listed by RE/MAX CENTRE CITY REALTY INC.
483 George Street, Central Elgin, ON N5L 1H1
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$1,374,900.00
$288,729.00

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🧾 Amortization
30 years
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Effective Amortization30 Years
Property Location
483 George Street, Central Elgin, ON N5L 1H1
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