ON > Central Elgin > Rural Central Elgin
Central Elgin, ON N5L 1H1,483 George ST
Central Elgin, ON N5L 1H1,483 George ST
Central Elgin, ON N5L 1H1,483 George ST
Central Elgin, ON N5L 1H1,483 George ST
Central Elgin, ON N5L 1H1,483 George ST
Central Elgin, ON N5L 1H1,483 George ST
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 1,374,900
Est. payment | /mo

5 Baths

22,314 SqFt

Save Virtual Tour
$ 1,374,900
Est. payment | /mo
Save Virtual Tour

5 Baths

22,314 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 22,314 sqft

Price per Sqft $61

Subdivision Rural Central Elgin

MLS Listing ID X12419290

Annual Tax Amount $5,539

Tax Year 2025

Property Sub-Type Investment

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 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.

Location

Province ON

County Elgin

Community Rural Central Elgin

Area Elgin

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 60.18

Lot Depth 374.57

Building

Building Age 51-99

Others

Security Features Partial

ParcelsYN No

Virtual Tour https://Tours.UpNclose.com/idx/294432

Listed by RE/MAX CENTRE CITY REALTY INC.
Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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483 George ST