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.
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
22314 sq. ft. Square Feet
Total Area:
22,314 sq. ft.2,073 m2
Office/Apt Area:
1869 sq. ft. Sq Ft
Depth:
374'7"114 m
Frontage:
60'2"18.3 m
Lot Shape:
Rectangular
Bathrooms:
5.0
Water supply:
Municipal
Zoning:
R1-6 and OS2-9
Heating type:
Gas Forced Air Open
Survey Available:
No
Garage:
None
Parking Spaces:
5
Trailer Parking Spots:
0
Possession Details:
FLEXIBLE
Lot Irregularities:
60.58 ft x 367.28 ft x 60.18 ft x 374.57
HST Applicable To Sale Price:
Included In
Assessment:
$329,000
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$5,539 /
2025
Assessment:
$329,000.00 /
2025
Elgin
Central Elgin
Port Stanley
Partial
HWT
FRIDGE X 5, STOVE X 5, OTR MICROWAVE X 5, DISHWASER X 1, WASHER DRYER IN BASEMENT & STACKABLE WASHER DRYER IN UNIT 5.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.