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483 George Street

Central Elgin, ON N5L 1H1

ActiveFor Sale
0 Beds
5 Baths
22,314 Lot Sq Ft
Commercial
Virtual Tour Available

About This Property

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.

Property Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Lot Size22,314 sq ft
Bedrooms0
Bathrooms5
Postal CodeN5L 1H1
Last UpdatedAug 8, 2026 · 5:33 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X12419290

Listed by RE/MAX CENTRE CITY REALTY INC.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$1,374,900

asking price

MLS®X12419290
TypeCommercial
CityCentral Elgin
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$6,714

/month · $1,099,920 mortgage

Down Payment20% — $274,980
Interest Rate5.5%

Amortization

Total Interest

$914,225

Total Cost

$2,014,145

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

Full Mortgage Calculator →

Listed By

RE/MAX CENTRE CITY REALTY INC.