5069 East RD new Save Request In-Person Tour Request Virtual Tour
Central Elgin,ON N0L 2L0
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Rural Central Elgin
MLS Listing ID X12564454
Style Bungalow-Raised
Bedrooms 5
Annual Tax Amount $6,027
Tax Year 2024
Property Sub-Type Detached
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.
Location
Province ON
County Elgin
Community Rural Central Elgin
Area Elgin
Rooms
Family Room No
Basement Full,Finished
Kitchen 1
Interior
Interior Features Solar Owned,Water Heater
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck,Year Round Living
Parking Features Private
Garage Spaces 6.0
Pool None
Roof Type Asphalt Shingle
Topography Wooded/Treed
Lot Frontage 488.52
Lot Depth 515.4
Total Parking Spaces 8
Building
Building Age 31-50
Unit Features Wooded/Treed
Foundation Poured Concrete
Others
Security Features Smoke Detector
ParcelsYN No