483 George St, Central Elgin, N5L 1H1

Home Overview

Description

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.

17 days

On Market

Detached

Property Type

$3,773 / Year

Est. Taxes

2-Storey

Style

-

Garage

Finished

Basement