5069 East Road, Central Elgin, ON N0L 2L0

For Sale 143 days on Market MLS® X12564454
Asking Price
$2,100,000
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Overview
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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.
Bedrooms
5
Bathrooms
2.0
Area
900 sqft
Lot Size
5.8 acres
Type
Detached

Property Details

Year Built1986
CityCentral Elgin
Postal CodeN0L2L0
Lot Dimensions488.52 × 515.40 ft
Parking8 spaces

Interior Features

Heat: Forced Air
Heat Source: Gas
Cooling: Central Air
Style: Bungalow-Raised

Exterior & Land

Sewer: Septic
Construction: Brick, Vinyl Siding
Roof: Asphalt Shingle

Utilities & Services

Heat SourceGas
SewerSeptic

Financial Information

List Price$2,100,000
Annual Taxes$6,027 (2024)
Days on Market143
MLS® X12564454 • Listed by ROYAL LEPAGE TRILAND REALTY
5069 East Road, Central Elgin, ON N0L 2L0
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Effective Amortization30 Years
Property Location
5069 East Road, Central Elgin, ON N0L 2L0
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