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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$1,374,900
Available - For Sale
Listing ID: X12421544
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.
Price $1,374,900
Taxes: $5,539
Assessment Year: 2025
Occupancy by: Owner+T
Address: 483 George Stre , Central Elgin, N5L 1H1, Elgin
Directions/Cross Streets: CARLOW ROAD
Rooms: 16
Bedrooms: 5
Bedrooms +: 0
Washrooms: 5
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 8.30 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 7.90 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 8.30 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
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Main
Washroom 3:  3 Second
Washroom 4:  3 Second
Washroom 5:  3 Ground
Washroom 6:  3 Main
Washroom 7:  3 Main
Washroom 8:  3 Second
Washroom 9:  3 Second
Washroom 10:  3 Ground
Washroom 11:  3 Main
Washroom 12:  3 Main
Washroom 13:  3 Second
Washroom 14:  3 Second
Washroom 15:  3 Ground
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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Interest Rate: %  
Amortization :  Years
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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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.

483 George Stre , Central Elgin, N5L 1H1, Elgin

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Elgin
Municipality: Central Elgin
Neighbourhood: Port Stanley
Style: 2-Storey
Lot Size: x 374.57(Feet)
Approximate Age:
Tax: $5,539
Maintenance Fee: $0
Beds: 5
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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