483 GEORGE STREET, Central Elgin, Ontario, CA

Address: 483 GEORGE STREET, Central Elgin, Ontario

0 Beds5 Baths22314 sqftStatus: Buy
Price $1,374,900

Property Overview


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. (id:51532)

 

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Property Summary
Property Type
Multi-family
Building Type
Multi-Family
Square Footage
22314 sqft
Community Name
Rural Central Elgin
Land Size
Bldg=60.18 x 374.57 FT ; 60.58 ft x 367.28 ft x 60.18 ft x 374.57
Building
Interior Features
Appliances Included
Dryer, Microwave, Washer
Building Features
Square Footage
22314 sqft
Rental Equipment
Water Heater
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Other
Utilities
Water
Municipal water
Parking
Total Parking Spaces
5
Land
Other Property Information
Zoning Description
R1-6 and OS2-9
Features
           Dryer            Microwave            Washer
           Fully air conditioned
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Your Home Finance Calculation

Property Price CA $1,374,900
Bank Loan Amount CA $0
Monthly Installment CA $0

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