Approved infill development for 8 Townhomes that currently cash flows! Currently 8 Rental Units, sitting on almost one full acre of land in the heart of Port Stanley, Currently rented year round, long term, happy tenants. A rare investment opportunity. Buildings consist of the Main house Rented through Air BNB, open concept, 3 bedroom, gas furnace, central air, large carport. The "Lodge" is a 2 story cement block cottage, open concept main level, 2nd story loft for sleeping with separate entrance. 6 Small homes, one bachelor, and 5 one bedrooms. All 7 detached units are heated by gas space heaters, with own hydro panels and water heaters.. The property also sits on 3 lots 44, 45, 46 that were recently serviced when the Street was redone. Buyer to make own inquiries as to future uses for severances and zoning for this 8 unit, 3 lot, 198,x201.94' property. Financials, measurements and zoning information are available from your Realtor under the documents tab. Being sold in as is where is condition
Lot/land
C$1,599,900
384 George St, Central Elgin, ON N5L 1G4
--beds
--baths
0.91Acres
Residential, Unimproved Land
Built in ----
0.91 Acres Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Large carportSeparate entranceOwn hydro panels
- 195 days
- on Zillow |
- 5 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 06:59am
Listed by:
Tony Schmidt, Broker of Record,
HOWIE SCHMIDT REALTY INC.
Source: ITSO,MLS®#: 40688641Originating MLS®#: Waterloo Region Association of REALTORS® (WRAR)
Travel times
Facts & features
Interior
Features
- Has fireplace: No
Property
Features
- Waterfront features: Lake Privileges, Lake/Pond
- Frontage type: South
- Frontage length: 198.00
Lot
- Size: 0.91 Acres
- Dimensions: 198 x 201.94
- Features: Urban, Square, Ample Parking, Beach, City Lot, Hospital, Marina
- Topography: Dry,Hilly,Wooded/Treed
Details
- Additional structures: Other
- Parcel number: 253510186
- Zoning: R1-67, R1-68
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
- Utilities for property: At Lot Line-Gas, At Lot Line-Hydro, Cable Connected, Cell Service, Electricity Connected, Fibre Optics, Natural Gas Connected, Street Lights
Community & HOA
Location
- Region: Central Elgin
Financial & listing details
- Annual tax amount: C$5,087
- Date on market: 1/22/2025
- Exclusions: Tenant's Belongings
- Electric utility on property: Yes
- Road surface type: Paved
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