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.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Total Approx Floor Area:
1500-2000
Depth:
374'7"114 m
Frontage:
60'2"18.3 m
Lot Shape:
Rectangular
Topography:
Sloping
Direction Faces:
South
Bedrooms:
5
Bathrooms:
5.0
Water supply:
Municipal
Kitchens:
5
Bedrooms Above Grade:
5
Kitchens Above Grade:
5
Rooms Above Grade:
16
Zoning:
R1-6 and OS2-9
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Poured Concrete
Roof:
Metal
Basement:
Partial Basement
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
Storage
Parking Spaces:
5
Total Parking Spaces:
5.0
Family Room:
No
Possession Details:
Flexible
Lot Irregularities:
60.58 ft x 367.28 ft x 60.18 ft x 374.57
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment:
$329,000
Assessment Year:
2025
Taxes:
$5,539 /
2025
Assessment:
$329,000.00 /
2025
Elgin
Central Elgin
Port Stanley
Beach, Golf, Library, Marina, Park, Ravine
Other
Patio, Privacy
Carbon Monoxide Detectors, Smoke Detector
HWT
Fridge x 5, Stove x5, OTR Microwave x 5, Washer/Dryer in basement, stackable washer/dryer imunit 5.
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