Was listed for:Terminated Aug 12, 2026
$1,374,900

483 George Street

Central Elgin (Port Stanley), ON N5L 1H1

Multiplex TerminatedNot available

This listing has ended. It is no longer available.

Property not available for sale or for rent.

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Sale & Price History for 483 George Street, Central Elgin, Port Stanley

2026-04-02
-
Active
Price
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MLS#
X12954382
2026-04-02
2026-08-12
Terminated
Price
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MLS#
x12954380
2025-09-22
2026-03-24
Expired
Price
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2025-06-20
2025-09-02
Terminated
Price
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About 483 George Street, Central Elgin, Port Stanley

Summarized Description

  • Five fully furnished rental suites available.
  • Each suite features private entrances and luxury amenities.
  • Strong performance in the Airbnb market.
  • Zoned and licensed for short-term rentals.
  • Located in desirable Mitchell Heights neighbourhood.
  • Close to beaches and dining options.
  • Potential for additional rental income from outdoor building.
  • Dedicated parking spots enhance guest convenience.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$5,539
Land Transfer Tax Fee
$23,973

Rental Items

Rental Equipment
HWT

Basement Type
Partial Basement

Interior Features

Laundry Level
Lower Level
Interior Extras
Other
View
Pond, Trees/Woods
Security Features
Carbon Monoxide Detectors, Smoke Detector
Fireplace/Stove
No
Elevator
No

Exterior Features

Exterior Extras
Patio, Privacy
Pool
None
Property Features
Beach, Golf, Library, Marina, Park, Ravine
Other Structures
Storage

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
51-99

Construction

Exterior Finish
Stucco (Plaster)
Roof
Metal
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
60.18 ft
Lot Depth
374.57 ft
Lot Size
22314
Lot Shape
Rectangular

Inclusions

Inclusions
Fridge x 5, Stove x5, OTR Microwave x 5, Washer/Dryer in basement, stackable washer/dryer i'm unit 5.

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
5
Total Garage And Parking Spaces
5

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Yes
Telephone
Yes

Bedrooms
5
Washrooms
5
Kitchens
5

Room sizes

  • Bathroom—
    Main level, 3 Pc Bath
  • Kitchen—
    Main level
  • Bedroom—
    Main level, Combined w/Dining, Combined w/Living
  • Bathroom—
    Main level, 3 Pc Bath
  • Kitchen—
    Main level
  • Bedroom—
    Main level, Combined w/Dining, Combined w/Living
  • Bathroom—
    Second level, 3 Pc Bath
  • Kitchen—
    Second level
  • Bedroom—
    Second level, Combined w/Dining, Combined w/Living
  • Bathroom—
    Second level, 3 Pc Bath
  • Kitchen—
    Second level
  • Bedroom—
    Second level, Combined w/Dining, Combined w/Living
  • Bathroom—
    Lower level, 3 Pc Bath
  • Kitchen—
    Lower level
  • Living Room—
    Lower level, Combined w/Dining
  • Bedroom—
    Lower level

Washrooms

  • 3-piece, Main
  • 3-piece, Main
  • 3-piece, Second
  • 3-piece, Second
  • 3-piece, Ground

Municipality
Central Elgin
Neighbourhood
Port Stanley
Main cross streets
CARLOW ROAD
Zoning
R1-6 AND OS2-9
Directions
FROM ST.THOMAS HEAD COUTH ON SUNSET DRIVE TOWARDS PORT STANLEY. TURN RIGHT ONTO BRIDGE STREET, CONTINUE ON BRIDGE STREET, IT TURNS INTO GEORGE STREET, CONTINUE DOWN GEORGE STREET, PROPERTY WILL BE ON YOUR RIGHT AT THE TOP OF THE HILL.
Waterfront
None

MLS® number
X12954380
Data source
Toronto Regional Real Estate Board
Status change
2026-08-12
Listed on
2026-04-02
Days on market
132 days
Possession type
Flexible
Co-op commission
2.5%+HST - 50% HOLDBACK INTRODUCED BY LA
Seller
Listed by
RE/MAX CENTRE CITY REALTY INC.

Home Market Value

Current home valuation for 483 George Street, Central Elgin, Port Stanley, Central Elgin, ON. Listed for $1,374,900

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 483 George Street, Central Elgin, Port Stanley

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Central Elgin, ON
Minimum Down Payment Required:8.2%

5% on first $500K + 10% on $874,900 over $500K

Minimum down payment

$112,490

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$50,486$38,360$32,723$0
=Total mortgage
$1,312,644$1,275,770$1,201,388$1,099,920
Amortization
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%
%
%
%
Payment frequency
=Mortgage payment
$6,409monthly$6,229monthly$5,866monthly$5,370monthly
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Land Transfer Tax

Provincial

$23,973

Total Land Transfer Tax

$23,973

Around this home

1/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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6.7 /10

Port Stanley

Public·elementary·1.0km

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