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Jethro Seymour

[email protected] +1(416) 712-0767

$ 1,374,900

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483 George ST Central Elgin, ON N5L 1H1

5 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Port Stanley

MLS Listing ID X12954380

Style 2-Storey

Bedrooms 5

Annual Tax Amount $5,539

Tax Year 2025

Property Sub-Type Multiplex

Lot Depth 374.57

Lot Front 60.18

Appx SqFt 1500-2000

Property Description

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.

Location

Province ON

County Elgin

Area Elgin

Rooms

Family Room No

Basement Partial Basement

Kitchen 5

Interior

Interior Features Other

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Patio, Privacy

Parking Features Private

Pool None

Waterfront Description None

View Pond, Trees/Woods

Roof Type Metal

Topography Sloping

Lot Frontage 60.18

Lot Depth 374.57

Total Parking Spaces 5

Building

Building Age 51-99

Unit Features Beach,Golf,Library,Marina,Park,Ravine

Foundation Poured Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Virtual Tour https://Tours.UpNclose.com/idx/294432

Listed by RE/MAX CENTRE CITY REALTY INC.

NEARBY SCHOOLS & PROPERTIES

Jethro Seymour

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+1(416) 712-0767

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Jethro Seymour

483 George ST Central Elgin, ON N5L 1H1

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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483 George ST