483 George Street, Central Elgin, ON

$1,374,900

Previous Next

5

Beds

5

Baths

1,500

Square feet

About 483 George Street

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.

Features of 483 George Street

MLS® # X12421544
Price $1,374,900
Bedrooms 5
Bathrooms 5.00
Square Footage 1500-2000
Type Residential Freehold
Sub-Type Multiplex
Style 2-Storey
Status Active

Community Information

Address 483 George Street
Area Elgin
Subdivision Port Stanley
City Central Elgin
Province ON
Postal Code N5L 1H1

Amenities

Parking Spaces 5
Garages None
Is Waterfront No
Waterfront None
Pool None

Interior

Heating Forced Air
Cooling Central Air
Fireplace No
Basement Partial Basement
Kitchens 5

Exterior

Exterior Stucco (Plaster)

Listing Details

OfficeRE/MAX CENTRE CITY REALTY INC.

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?