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CHRIS HOLM

[email protected] +1(250) 309-0039

$ 1,374,900

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483 GEORGE STREET Central Elgin (port Stanley), ON N5L1H1

5 Beds

5 Baths

1,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $916

Subdivision Port Stanley

MLS® Listing ID X12421544

Bedrooms 5

Source London and St. Thomas Association of REALTORS®

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 Stanley's 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, it's a must-see. (id:24570)

Location

Province ON

Rooms

Kitchen 5.0

Extra Room 1 Second level 2.53 m X 2.83 m Kitchen

Extra Room 2 Second level 6.63 m X 2.84 m Bedroom

Extra Room 3 Second level 1.68 m X 2.34 m Bathroom

Extra Room 4 Second level 1.78 m X 2.85 m Kitchen

Extra Room 5 Second level 5.88 m X 3.4 m Bedroom

Extra Room 6 Second level 2.43 m X 1.79 m Bathroom

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

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Listed by RE/MAX CENTRE CITY REALTY INC.

CHRIS HOLM

PERSONAL REAL ESTATE CORPORATION | License ID: 10430

+1(250) 309-0039

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CHRIS HOLM

483 GEORGE STREET Central Elgin (port Stanley), ON N5L1H1

Key Details

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Rooms

Interior

Exterior

Building

Others

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