A One-of-a-Kind Investment Opportunity! Welcome to 483 George Street, a standout 5-unit rentalproperty located in the prestigious Mitchell Heights neighbourhood of Port Stanley. Offering afully operational investment opportunity, this property is perfect for those seeking immediatereturns or investors looking to enter the high-demand short-term rental market.The propertyfeatures five fully furnished suites, each with private entrances, and thoughtfully designedinteriors that combine modern luxury with comfort. Every suite is equipped with gourmetkitchens, spa-inspired bathrooms, and high-end furnishings that create an inviting atmospherefor guests. The outdoor areas offer private seating spaces where guests can enjoy the peacefulravine views and lush greenery surrounding the property. Additionally, there is an outdoorbuilding currently used for storage with loads of potential. Whether you envision it as acommon space for guests to enjoy or a separate unit/bunkie for additional rental income, thepossibilities are endless. This property has a proven track record of high occupancy andcontinues 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 beautifulbeaches, downtown shops, and a variety of dining options. Whether guests are staying for aquick 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, andincludes five dedicated parking spots for guest convenience. It is also zoned and licensed forshort-term rentals, ensuring compliance and peace of mind for both the owner and renters. Forinvestors or individuals seeking a prime income property in one of Port Stanley's mostdesirable 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
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Transaction Type
For Sale
Area
Central Elgin
Sub-Area
Port Stanley
Region
Elgin
Bedrooms
5
Bedrooms (Total)
5
Rooms Above Grade
16
Bathrooms
5
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
374.57
Lot Shape
Rectangular
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
Occupant Type
Owner+Tenant
Cross Street
CARLOW ROAD
MLS® Number
X12421544
Listing Brokerage
RE/MAX CENTRE CITY REALTY INC.
Basement Area
Partial Basement
Postal Code
N5L 1H1
Posession Details
Flexible
Parking Places (Total)
5
Parking Spaces
5
Tax Amount
$5,539.00
Tax Year
2025
Exterior Features
Patio, Privacy
Interior Features
Other
Property Features
Beach, Golf, Library, Marina, Park, Ravine
Cable
Yes
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Stucco (Plaster)
Direction Faces
South
Fireplace
No
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
5
Kitchens Above Grade
5
Other Structures
Storage
Pool Features
None
Roof
Metal
Tax Legal Description
PT LT 14 CON S OF LAKE RD SOUTHWOLD PT 1 11R2302; CENTRAL ELGIN
Security Features
Carbon Monoxide Detectors, Smoke Detector
Topography
Sloping
View Type
Pond, Trees/Woods
Waterfront
No
Waterfront
None
Sewer
Sewer