5069 East Road
Rural Central Elgin, Central Elgin, N0L 2L0
For Sale
22.40 BTC

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5
BEDROOMS2
BATHROOMS1
KITCHENS12
ROOMSX12564454
MLSIDContact Us
Property Description
Prime 4.11-Acre Development Opportunity in Port Stanley. Rare chance to acquire one of the few remaining development parcels in Port Stanley. This 4.11-acre site offers approximately 3.5 acres of developable land, supported by completed Geotechnical, Archaeological, and Flora & Fauna studies, as well as Absolute Title. Buyers are encouraged to do their own due diligence. Situated directly north of Wastell's Watermark subdivision, the property offers excellent potential for future servicing, with possible connections nearby or at the road. Ideal for a mid-rise block, townhome community, or condominium development, with conceptual potential for 15 low-density lots or higher yields with a medium-density design. Adding immediate value, the property includes a well-maintained raised ranch home featuring a double-car garage, 5 bedrooms, 2 bathrooms, numerous updates, and a new well. A Micro-FIT solar contract is also included, generating steady income. Combined with reliable tenant rental income, the property currently produces approximately $28,000 annually, making it an attractive long-term hold while planning your development vision. This is truly one of the last available parcels in Port Stanley-a strategic and high-potential investment. Don't miss this exceptional opportunity.
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Property Features
Wooded/Treed, Solar Owned, Water Heater, Private, Smoke Detector
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Property Details
Property Type
Detached
Lot Size
489' x 515'
Acreage
4.1 Feet
Taxes
$6,027 (2024)
Basement
Full, Finished
Exterior
Deck, Year Round Living
Heat Type
Forced Air
Heat Source
Gas
Water
Well
Parking Spaces
2
Garage Type
Detached
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Listing contracted with Royal Lepage Triland Realty
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