483 George Street

Central Elgin N5L 1H1

$1,374,900

About the Property

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.

Extra info

Na

Property Details

Property Type:

Multiplex

House Style:

2-Storey

Bathrooms:

5

Land Size:

60.18 x 374.57 FT

Parking Places:

5

Fireplace:

N

Heating Fuel:

Gas

Cross Street:

CARLOW ROAD

Basement:

Partial Basement

Possession Date:

FLEXIBLE

Annual Property Taxes:

$5,539.00

Status:

For Sale

Bedrooms:

5

Total Parking Spaces:

5

A/C Type:

Central Air

Garage Spaces:

Driveway:

Private

Heating Type:

Forced Air

Pool Type:

None

Exterior:

Stucco (Plaster)

Fronting On:

South

Front Footage:

60.18

Listing ID:

X12954380

Harpreet Rakhra

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    Room Details

    Levels

    Rooms

    Dimensions

    Features

    Main

    Bathroom

    1.49m x 2.15m

    3 Pc Bath

    Kitchen

    2.53m x 2.83m

    Bedroom

    4.74m x 7.37m

    Combined w/Dining Combined w/Living

    Bathroom

    1.48m x 2.32m

    3 Pc Bath

    Kitchen

    2.41m x 2.32m

    Bedroom

    6.76m x 2.42m

    Combined w/Dining Combined w/Living

    Second

    Bathroom

    1.68m x 2.34m

    3 Pc Bath

    Kitchen

    1.78m x 2.85m

    Bedroom

    5.88m x 3.40m

    Combined w/Dining Combined w/Living

    Bathroom

    2.43m x 1.79m

    3 Pc Bath

    Kitchen

    2.53m x 2.83m

    Bedroom

    6.63m x 2.84m

    Combined w/Dining Combined w/Living

    Lower

    Bathroom

    2.01m x 2.54m

    3 Pc Bath

    Kitchen

    4.02m x 4.37m

    Living Room

    5.15m x 4.28m

    Combined w/Dining

    Bedroom

    3.58m x 3.25m

    Price History

    Date

    2nd April 2026

    Event

    Listed For Sale

    Price

    $1,374,900

    Time On Market

    20 hours

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    Harpreet Rakhra

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