5 Beds 2 Bath

5069 East Road, Central Elgin, ON N0L 2L0

Central Elgin N0L 2L0 Ontario

MLS: X12564454

$2,300,000

Added 8 hours ago | For Sale

Listed by: ROYAL LEPAGE TRILAND REALTY

About Property

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.

Features

  • House Style:Detached
  • Bathrooms:2
  • Land Size: 488.52 X 515.4
  • Water:Well
  • Garage Spaces: /Detached
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:SUNSET DRIVE
  • Basement:Full,Finished , Full,Finished
  • Possession Date:
  • Annual Property taxes: $6027.1
  • Bedrooms:5
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:X12564454

Level Type Features Dimensions
Main Other 13 ft x 21 ft
Dining Room 9 ft x 12 ft
Living Room 12 ft x 16 ft
Bedroom 9 ft, 6 in x 8 ft, 6 in
Bedroom 9 ft, 6 in x 13 ft
Primary Bedroom 14 ft, 8 in x 13 ft
Lower Family Room 15 ft x 27 ft, 3 in
Bedroom 9 ft, 10 in x 10 ft, 8 in
Bedroom 10 ft x 10 ft, 3 in
Game Room 14 ft x 20 ft, 5 in

No property rooms available.

About Agent
Get in Touch

By proceeding, you consent to receive calls and texts at the number you provided.

Powered by AgentEdge Inc

Terms & Conditions Privacy Policy

© Copyright All Rights Reserved.