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$1,374,900

Central Elgin (Port Stanley) ON, N5L 1H1

MLS® # X12421544

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Type: Partial
  • Exterior Finish: Stucco
  • Fire Protection: Smoke Detectors
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dryer, Microwave, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 5
  • Amenities Nearby: Golf Nearby, Marina, Park
  • Features: Sloping, Ravine
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 374.6 Feet
  • Lot Frontage: 60.2 Feet
  • Lot Size: 60.2 x 374.6 FT ; 60.58 ft x 367.28 ft x 60.18 ft x 374.57
  • Structure Type: Patio(s)
  • Utility Type: Sewer - Installed, Hydro - Installed, Cable - Installed
  • Zoning: R1-6 and OS2-9
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 5

Rooms:

  • Kitchen 2nd Level 2.53 m x 2.83 m
  • Bedroom 2nd Level 6.63 m x 2.84 m
  • Bathroom 2nd Level 1.68 m x 2.34 m
  • Kitchen 2nd Level 1.78 m x 2.85 m
  • Bedroom 2nd Level 5.88 m x 3.40 m
  • Bathroom 2nd 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 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

Convert Measurement to:


Courtesy of: RE/MAX CENTRE CITY REALTY INC.

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 483 GEORGE STREET, Central Elgin (Port Stanley), Ontario, N5L 1H1

Demographic Information of 483 GEORGE STREET, Central Elgin (Port Stanley), Ontario, N5L 1H1

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$131,598.31

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.76 %

High school certificate or equivalent

35.35 %

Apprenticeship trade certificate/diploma

7.26 %

College/non-university certificate

25.78 %

University certificate (below bachelor)

0.45 %

University Degree

22.39 %

Commuter

Travel To Work

By Car

98.59 %

By Public Transit

0.0 %

By Walking

0.19 %

By Bicycle

0.0 %

By Other Methods

1.22 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

5.86 %

Houses

94.14 %

Own Vs. Rent