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For Sale

483 George Street

Port Stanley, Central Elgin, ON
$1,374,900
5Bd
5Ba
1,750+sqft
5Parking
60.18 x 374.57 ftlot
$786/sqft
MultiplexMLS# X12954380Listed 2026-04-0290 DOM
Cooling
Central Air
Basement
Partial Basement

On the market for 90 days — longer than average. The seller may be open to negotiation.

About this home

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.

Ravine

Rooms

Main Floor
Bathroom1.49 × 2.15 m
Kitchen2.53 × 2.83 m
Bedroom4.74 × 7.37 m
Bathroom1.48 × 2.32 m
Kitchen2.41 × 2.32 m
Bedroom6.76 × 2.42 m
Second Floor
Bathroom1.68 × 2.34 m
Kitchen1.78 × 2.85 m
Bedroom5.88 × 3.40 m
Bathroom2.43 × 1.79 m
Kitchen2.53 × 2.83 m
Bedroom6.63 × 2.84 m
Lower
Bathroom2.01 × 2.54 m
Kitchen4.02 × 4.37 m
Living Room5.15 × 4.28 m
Bedroom3.58 × 3.25 m

Features

  • Other
  • Patio
  • Privacy
  • Partial Basement
  • Central Air
  • 2-Storey

Financials

Annual Taxes
$5,539

Estimated Rental Income

Entire property$4,500 – $7,000/mo
Rental yield3.9% – 6.1%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Central Elgin

Days on market90 days
Buyer's MarketSeller's Market

Based on active listings in Central Elgin. Data updates daily.

Our estimate for this home

Priced 66.5% above estimate
Estimated range
$764K$888K
Mid-point $826K · ~$472/sqft
How this listing compares
$764KList · $1.37M$888K
High confidence·Based on 202 gta-wide comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$1,374,900
483 George Street, Central Elgin
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