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.
Address
483 George Street
List Price
$1,374,900
MLS® Status
New
Expiration Date
2025-12-22
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Central Elgin
Sub-Area
Rural Central Elgin
Region
Elgin
Bathrooms
5
Lot Size Source
MPAC
Lot Depth
374.57
Lot Shape
Rectangular
Lot Type
Building
Lot Irregularities
60.58 ft x 367.28 ft x 60.18 ft x 374.57
Lot Size Units
Feet
Lot Width
60.18
Parcel Number
351500225
Total Building Area
22314
Occupant Type
Owner+Tenant
Cross Street
CARLOW ROAD
Approx. Age
51 - 99 Years
MLS® Number
X12419290
Listing Brokerage
RE/MAX CENTRE CITY REALTY INC.
Basement
Yes
Postal Code
N5L 1H1
Posession Details
FLEXIBLE
Parking Spaces
5
Tax Amount
$5,539.00
Tax Year
2025
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 14 CON S OF LAKE RD SOUTHWOLD PT 1 11R2302; CENTRAL ELGIN
Security Features
Partial
Sewer
Sanitary+Storm