Residentiae.
For Sale · London and St. Thomas

483 GEORGE STREET

London and St. Thomas · N5L1H1

$1,374,900

Bedrooms
5Bathrooms
5Parking
22,314Sq Ft

About this residence

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:61366)

Property details

Property type
Multi-family
Style
Multi-Family
Bathrooms
5
Living area
22,314 sq ft
Lot size
Bldg=60.18 x 374.57 FT ; 60.58 ft x 367.28 ft x 60.18 ft x 374.57
Frontage
60.2 feet
Parking
5 spaces
Annual tax
$5,539
MLS®
X12419290
Board
London and St. Thomas
Status
Inactive
Listed
Sep 22, 2025
Updated
Oct 23, 2025

Features & finishes

Appliances

  • Washer
  • Dryer
  • Microwave

Heating

  • Forced air
  • Natural gas

Cooling

  • Fully air conditioned

Financing

Mortgage calculator

Estimated monthly payment

$6,430/mo

Amortization

Loan amount

$1,099,920

Down payment

$274,980

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

London and St. Thomas

About the area

Census · N5L
3,714
Population
58
Median age
$89,000
Median income
$600,000
Median home value
85%
Home ownership
27 min
Avg. commute

Age distribution

0–14
9%
15–24
7%
25–44
17%
45–64
33%
65+
34%

Tenure

85% owners15% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

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Good to know

Frequently asked questions

What is the asking price for 483 GEORGE STREET?

483 GEORGE STREET is listed for $1,374,900, in London and St. Thomas.

How many bedrooms and bathrooms does 483 GEORGE STREET have?

It offers — bedrooms and 5 bathrooms.

What type of home is 483 GEORGE STREET?

483 GEORGE STREET is a Multi-family, Multi-Family.

How large is 483 GEORGE STREET?

The home offers approximately 22,314 sq ft of living space on a lot measuring Bldg=60.18 x 374.57 FT ; 60.58 ft x 367.28 ft x 60.18 ft x 374.57.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $6,430. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $5,539 per year.

Is there parking?

Yes — 483 GEORGE STREET includes 5 parking spaces.

What is the London and St. Thomas area like?

London and St. Thomas has a population of about 3,714, a median age of 58, a 85% home-ownership rate, with an average commute of about 27 minutes.

What is the average home value in London and St. Thomas?

The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.

What is the median household income in London and St. Thomas?

The median household income in this area is approximately $89,000.

Private viewings

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