Sold on Jul 16, 2021
Note: Property is not currently for sale or for rent.
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Type: Detached
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Style: 2-Storey
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Lot Size: 60.58 x 367.28 Acres
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Age: 51-99 years
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Taxes: $3,773 per year
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Days on Site: 17 Days
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Added: Feb 15, 2024 (2 weeks on market)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X7794355
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Listed By: Century 21 first canadian corp., brokerage
5 unit apartment building/Airbnb on 1/2 acre of land. Attention investors, renovators, entrepreneurs. Legally zoned and set up for 5 self contained units, four currently vacant. Renovate and set your own rents or run as an Airbnb. Huge gross income possible $200,000 plus per year. Airbnb can gross over $50,000 per unit, or run as a monthly rental apartment building grossing close to $100,000 a year. Structure is cement block from the foundation to the soffits, metal roof, built in 1935 retro style. In need of wiring, plumbing and flooring. The building appears to be in good overall condition. 1/2 acre property with storage garage out back. Trees, ravines, nature at its best. Short walk to the beach or downtown. Don't miss this once in a lifetime opportunity in Port Stanley. Please ask your realtor for more information under the documents tab.
Property Details
Facts for 483 George Street, Central Elgin
Status
Days on Market: 17
Last Status: Sold
Sold Date: Jul 16, 2021
Closed Date: Oct 28, 2021
Expiry Date: Sep 27, 2021
Sold Price: $705,900
Unavailable Date: Jul 16, 2021
Input Date: Jun 29, 2021
Prior LSC: Sold
Property
Status: Sale
Property Type: Detached
Style: 2-Storey
Age: 51-99
Area: Central Elgin
Community: Port Stanley
Availability Date: 60TO89
Assessment Amount: $241,000
Assessment Year: 2021
Inside
Bedrooms: 4
Bedrooms Plus: 1
Bathrooms: 5
Kitchens: 4
Kitchens Plus: 1
Rooms: 13
Air Conditioning: None
Washrooms: 5
Building
Basement: Finished
Basement 2: Full
Exterior: Concrete
Elevator: N
Parking
Covered Parking Spaces: 6
Fees
Tax Year: 2021
Tax Legal Description: PT LT 14 CON S OF LAKE RD SOUTHWOLD PT 1 11R2302; CENTRAL ELGIN
Taxes: $3,773
Highlights
Feature: Fenced Yard
Feature: Hospital
Land
Cross Street: Please Use Gps
Municipality District: Central Elgin
Fronting On: North
Parcel Number: 351500225
Sewer: Sewers
Lot Depth: 367.28 Acres
Lot Frontage: 60.58 Acres
Acres: < .50
Zoning: R1-6, 0S2-9
Access To Property: Yr Rnd Municpal Rd
Rooms
Room details for 483 George Street, Central Elgin
Type | Dimensions | Description |
---|---|---|
Br Main | 6.78 x 4.67 | |
Bathroom Main | 2.24 x 1.50 | |
Br Main | 4.65 x 7.75 | |
Kitchen Main | 2.29 x 1.65 | |
Bathroom Main | 2.18 x 1.52 | |
Br 2nd | 7.39 x 5.89 | |
Bathroom 2nd | 2.21 x 1.50 | |
Br 2nd | 4.72 x 6.76 | |
Kitchen 2nd | 2.79 x 2.64 | |
Bathroom 2nd | 1.75 x 2.51 | |
Living Bsmt | 4.72 x 4.85 |
Port Stanley Public School
Elementary: PublicElgin Court Public School
Elementary: PublicJohn Wise Public School
Elementary: PublicSouthwold Public School
Elementary: PublicPierre Elliott Trudeau French Immersion Public School
Elementary: PublicMitchell Hepburn Public School
Elementary: PublicArthur Voaden Secondary School
Secondary: PublicCentral Elgin Collegiate Institute
Secondary: PublicSt Joseph's High School
Secondary: CatholicRegina Mundi College
Secondary: CatholicParkside Collegiate Institute
Secondary: PublicEast Elgin Secondary School
Secondary: Public