$1,374,900
8.04 BTC
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483 George Street, Central Elgin
$1,374,900
PRICE
5
BEDROOMS
5
BATHROOMS
X12421544
MLSID

483 George Street, Central Elgin

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.
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Summary

Address
483 George Street
Community
MLSID
X12421544
Property Type
Multiplex
Property Category
Bedrooms
5
Bathrooms
5
Kitchens
5
Zoning
R1-6 and OS2-9
Taxes (Annual)
$5,539.00
Tax Year
2025
Published
September 23, 2025
Days on Market
16 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Fridge x 5, Stove x5, OTR Microwave x 5, Washer/Dryer in basement, stackable washer/dryer imunit 5.

Details

Property Features
Beach, Golf, Library, Marina, Park, Ravine
Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
3-Piece Main Level
Bathroom 2
3-Piece Main Level
Bathroom 3
3-Piece Second Level
Bathroom 4
3-Piece Second Level
Bathroom 5
3-Piece Ground Level
Basement
Partial Basement
Exterior Features
Patio, Privacy
Interior Features
Other
Parking Spaces
5
Parking Total
5
Architectural Style
2-Storey
Roof
Metal
Construction Materials
Stucco (Plaster)
Lot Size
22,314 SquareFeet
Lot Width
60 Feet
Lot Depth
375 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Owner+Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with RE/MAX CENTRE CITY REALTY INC.
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