483 George Street, Central Elgin, Ontario N5L 1H1

Listed for:
$1,374,900
5 beds
5 baths
Listed 56 days ago
Other for rent: 483 George Street, Central Elgin, Ontario N5L 1H1

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Learn more about this property
Listing provided by:
RE/MAX CENTRE CITY REALTY INC.
MLS® number:
X12421544
Agent:
Dallas Posthumus
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About

Cross Streets: CARLOW ROAD. ** Directions: FROM ST.THOMAS HEAD COUTH ON SUNSET DRIVE TOWARDS PORT STANLEY. TURN RIGHT ONTO BRIDGE STREET, CONTINUE ON BRIDGE STREET, IT TURNS INTO GEORGE STREET, CONTINUE DOWN GEORGE STREET, PROPERTY WILL BE ON YOUR RIGHT AT THE TOP OF THE HILL. 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:27476)

Property Highlights

MLS® Number
X12421544
Type
Multi-family
Community Name
Port Stanley
Land Size
60.2 x 374.6 FT ; 60.58 ft x 367.28 ft x 60.18 ft x 374.57
Parking Space Total
5

Building

Building Type
Other
Storeys
2.00
Square Footage
1500 - 2000 sqft
Bathrooms Total
5
Bedrooms Above Ground
5
Bedrooms Total
5
Amenities
Beach, Golf Nearby, Marina, Park
Exterior Finish
Stucco
Fireplace Present
No
Basement Type
Partial
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Room Layout

Kitchen
Second level
2.53 m x 2.83 m
Bedroom
Second level
6.63 m x 2.84 m
Bathroom
Second level
1.68 m x 2.34 m
Kitchen
Second level
1.78 m x 2.85 m
Bedroom
Second level
5.88 m x 3.4 m
Bathroom
Second level
2.43 m x 1.79 m
Bathroom
Lower level
2.01 m x 2.54 m
Kitchen
Lower level
4.02 m x 4.37 m
Living room
Lower level
5.15 m x 4.28 m
Bedroom
Lower level
3.58 m x 3.25 m
Bathroom
Main level
1.49 m x 2.15 m
Kitchen
Main level
2.53 m x 2.83 m
Bedroom
Main level
4.74 m x 7.37 m
Bathroom
Main level
1.48 m x 2.32 m
Kitchen
Main level
2.41 m x 2.32 m
Bedroom
Main level
6.76 m x 2.42 m

Location