Re-listed 13 days ago

483 George St, Central Elgin, Ontario N5L 1H1

Townhouse
5
5
~1500-2000 sqft
$•••,•••
$1,374,900
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Townhouse
5
5
~1500-2000 sqft

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Highlights

Property Estimate

Days on market13 days

Total days on market
108 days

Estimated valueNot available

Price/Sqft$802/sqft

Monthly cost

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Description

A One-of-a-Kind Investment Opportunity! Welcome to 483 George Street, a standout 5-unit rentalproperty located in the prestigious Mitchell Heights neighbourhood of Port Stanley. Offering afully operational investment opportunity, this property is perfect for those seeking immediatereturns or investors looking to enter the high-demand short-term rental market.The propertyfeatures five fully furnished suites, each with private entrances, and thoughtfully designedinteriors that combine modern luxury with comfort. Every suite is equipped with gourmetkitchens, spa-inspired bathrooms, and high-end furnishings that create an inviting atmospherefor guests. The outdoor areas offer private seating spaces where guests can enjoy the peacefulravine views and lush greenery surrounding the property. Additionally, there is an outdoorbuilding currently used for storage with loads of potential. Whether you envision it as acommon space for guests to enjoy or a separate unit/bunkie for additional rental income, thepossibilities are endless. This property has a proven track record of high occupancy andcontinues 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 beautifulbeaches, downtown shops, and a variety of dining options. Whether guests are staying for aquick 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, andincludes five dedicated parking spots for guest convenience. It is also zoned and licensed forshort-term rentals, ensuring compliance and peace of mind for both the owner and renters. Forinvestors or individuals seeking a prime income property in one of Port Stanley's mostdesirable neighbourhoods, this offering presents an exceptional opportunity. With its charm,strong financial performance, and location, its a must-see.


Property Details

Style2-Storey
ViewPond, Trees/Woods
Age of property-
SqFt~1500-2000 SqFt
Lot Size22,541 SqFt(374.57 x 60.18)
Parking Spaces5
MLS ®NumberX12421544
Community NameCentral Elgin
Data SourceTRREB
Listing byRE/MAX CENTRE CITY REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Part Bsmt

Main Floor

Bathroom

1.49 x 2.15

3 Pc Bath

Kitchen

2.53 x 2.83

Br

4.74 x 7.37

Combined W/Dining / Combined W/Living

Bathroom

1.48 x 2.32


Features

Lot size: 22,541 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 5


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
13 days on market
history photo preview38
Listing by trreb®
Property listed by RE/MAX CENTRE CITY REALTY INC., Brokerage
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Market Data - Central Elgin

Geo Zone Map ThumbnailCentral Elgin

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2024

0 day

2023

82 days

2022

0 day

New Listings

Past 30 days

5 listings

Compared to

2024

0 listing

2023

2 listings

2022

2 listings

Units sold

Past 30 days

0 unit

Compared to

2024

0 unit

2023

1 unit

2022

0 unit

Median Sold Price

Past 30 days

$0

Compared to

2023

$920,000


Population and Demographics

Overview

Total population 15810
Average household income $127,633

Age (%)

0 to 19
21%
20 to 34
14%
35 to 49
18%
50 to 64
25%
65 and plus
23%

Household composition (%)

Single family
76%
Single person
22%
Multi person
2%
Multi family
0%

Mother tongue (%)

English
94%
Others
5%

House tenancy (%)

Owners
88%
Renters
12%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget