483 George Street

Central Elgin, ON

5 bath • 22,314 sqft • Investment • 332 days on market

$1,374,900

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.

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Listing Details

Taxes (2025): $5,539
Listed: September 22, 2025

Price History

Listing history

Property

Age: 51-99
Lot Size: 60.18 x 374.57 Feet

Utilities

Sewer: Sanitary+Storm

Location & Legal

Cross Street: CARLOW ROAD
Zoning: R1-6 and OS2-9
Parcel Number: 351500225
Possession: Flexible

Commercial

Business Type: Apts - 2 To 5 Units
Occupancy: Owner+Tenant
Office / Apartment Area: 1869 Sq Ft

Included

Inclusions: FRIDGE X 5, STOVE X 5, OTR MICROWAVE X 5, DISHWASER X 1, WASHER DRYER IN BASEMENT & STACKABLE WASHER DRYER IN UNIT 5.
Rental Items: HWT

Community

Postal area N5L

Population: 3,714
Private dwellings: 2,003
Median age: 57.6
Average household size: 2.2
Median household income: $89,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Central Elgin · last 12 months

Median sold price: $625,150
Homes sold: 208
Median days on market: 38
Sale-to-list price: 97.0%

Based on 208 recorded sales of commercial properties in Central Elgin over the last 12 months.

Listed by

RE/MAX CENTRE CITY REALTY INC.

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