5069 EAST ROAD, Central Elgin, Ontario, N0L 2L0

$2,300,000

MLS® # X12564454

House For Sale In Central Elgin, Ontario

$2,300,000

  • 5

    Bedrooms

  • 2

    Baths

  • 488.5 x 515.4 FT

    Lot Size

Property Information:

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. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: Raised bungalow
  • Basement Development: Finished
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Brick, Vinyl siding
  • Fire Protection: Smoke Detectors
  • Floor Space: 700 - 1100 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Stove, Refrigerator

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 5
  • Bathrooms: 2
  • Features: Wooded area, Solar Equipment
  • Floor Space (approx): 700 - 1100 Square Feet
  • Irregular: Yes
  • Lot Depth: 515.3 Feet
  • Lot Frontage: 488.5 Feet
  • Lot Size: 488.5 x 515.4 FT
  • Structure Type: Deck
  • Utility Type: Hydro - Installed, Cable - Available
  • Zoning: RES
  • Sewer: Septic System
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 8

Rooms:

  • Family Lower Level 4.57 m x 8.31 m
  • Bedroom Lower Level 3.00 m x 3.25 m
  • Bedroom Lower Level 3.05 m x 3.12 m
  • Games Lower Level 4.27 m x 6.22 m
  • Other Main Level 3.96 m x 6.40 m
  • Dining Main Level 2.74 m x 3.66 m
  • Living Main Level 3.66 m x 4.88 m
  • Bedroom Main Level 2.90 m x 2.59 m
  • Bedroom Main Level 2.90 m x 3.96 m
  • Primary Bedroom Main Level 4.48 m x 3.96 m

Courtesy of: Royal LePage Triland Realty

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Additional Photos