$1,374,900
Available - For Sale
Listing ID: X12421544
483 George Street , Central Elgin, N5L 1H1, Elgin
| 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. |
| Price | $1,374,900 |
| Taxes: | $5539.00 |
| Assessment Year: | 2025 |
| Occupancy: | Owner+T |
| Address: | 483 George Street , Central Elgin, N5L 1H1, Elgin |
| Directions/Cross Streets: | CARLOW ROAD |
| Rooms: | 16 |
| Bedrooms: | 5 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Partial Base |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Bathroom | 4.89 | 7.05 | 3 Pc Bath |
| Room 2 | Main | Kitchen | 8.3 | 9.28 | |
| Room 3 | Main | Bedroom | 15.55 | 24.17 | Combined w/Dining, Combined w/Living |
| Room 4 | Main | Bathroom | 4.85 | 7.61 | |
| Room 5 | Main | Kitchen | 7.9 | 7.61 | |
| Room 6 | Main | Bedroom | 22.17 | 7.94 | Combined w/Dining, Combined w/Living |
| Room 7 | Second | Bathroom | 5.51 | 7.68 | 3 Pc Bath |
| Room 8 | Second | Kitchen | 5.84 | 9.35 | |
| Room 9 | Second | Bedroom | 19.29 | 11.15 | Combined w/Dining, Combined w/Living |
| Room 10 | Second | Bathroom | 7.97 | 5.87 | 3 Pc Bath |
| Room 11 | Second | Kitchen | 8.3 | 9.28 | |
| Room 12 | Second | Bedroom | 21.75 | 9.32 | Combined w/Dining, Combined w/Living |
| Room 13 | Lower | Bathroom | 6.59 | 8.33 | 3 Pc Bath |
| Room 14 | Lower | Kitchen | 13.19 | 14.33 | |
| Room 15 | Lower | Living Ro | 16.89 | 14.04 | Combined w/Dining |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 3 | Main |
| Washroom Type 3 | 3 | Second |
| Washroom Type 4 | 3 | Second |
| Washroom Type 5 | 3 | Ground |
| Washroom Type 6 | 3 | Main |
| Washroom Type 7 | 3 | Main |
| Washroom Type 8 | 3 | Second |
| Washroom Type 9 | 3 | Second |
| Washroom Type 10 | 3 | Ground |
| Washroom Type 11 | 3 | Main |
| Washroom Type 12 | 3 | Main |
| Washroom Type 13 | 3 | Second |
| Washroom Type 14 | 3 | Second |
| Washroom Type 15 | 3 | Ground |
| Washroom Type 16 | 3 | Main |
| Washroom Type 17 | 3 | Main |
| Washroom Type 18 | 3 | Second |
| Washroom Type 19 | 3 | Second |
| Washroom Type 20 | 3 | Ground |
| Washroom Type 21 | 3 | Main |
| Washroom Type 22 | 3 | Main |
| Washroom Type 23 | 3 | Second |
| Washroom Type 24 | 3 | Second |
| Washroom Type 25 | 3 | Ground |
| Washroom Type 26 | 3 | Main |
| Washroom Type 27 | 3 | Main |
| Washroom Type 28 | 3 | Second |
| Washroom Type 29 | 3 | Second |
| Washroom Type 30 | 3 | Ground |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Stucco (Plaster) |
| Garage Type: | None |
| Drive Parking Spaces: | 5 |
| Pool: | None |
| Other Structures: | Storage |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Beach, Golf |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX CENTRE CITY REALTY INC. |
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60.58 ft x 367
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Elgin |
| Municipality: | Central Elgin |
| Neighbourhood: | Port Stanley |
| Style: | 2-Storey |
| Tax: | $5,539 |
| Beds: | 5 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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