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    For Sale - 5069 East Road, Central Elgin, Ontario

    Est payment $9,124/mo
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    Views   1
    Time on Jump  157 day

    AI Summary *

    • Rare 4.11-acre development site in Port Stanley with 3.5 acres available.
    • Completed studies support future development and ensure buyer confidence.
    • Includes a well-maintained raised ranch home with updates and income potential.
    • Current annual rental income of around $28,000 adds value to the property.
    • Excellent location with possible connections for future servicing opportunities.




    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.
    Listing IDX12564454
    Address5069 East Road
    CityCentral Elgin, Ontario
    Price$1,900,000
    Bed / Bath5 / 2 Full
    StyleBungalow-Raised, Detached
    ConstructionBrick, Vinyl Siding
    Land Size4.11
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Solar Owned, Water HeaterOutdoor Features Deck, Year Round LivingAmenities Wooded/TreedOwnership FreeholdBasement Full, FinishedFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Septic

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    Listing Agency:  ROYAL LEPAGE TRILAND REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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