483 GEORGE STREET
London and St. Thomas · N5L1H1
$1,374,900
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
Estimated monthly payment
$6,430/mo
Loan amount
$1,099,920
Down payment
$274,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
London and St. Thomas
Nearby
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
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently 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.
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