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.
Address
5069 East Road
List Price
$2,300,000
MLS® Status
New
Expiration Date
2026-02-20
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow-Raised
Transaction Type
Sale
Area
Central Elgin
Sub-Area
Rural Central Elgin
Region
Elgin
Bedrooms
5
Bedrooms (Total)
5
Rooms Above Grade
12
Bathrooms
2
Floor Area
700-1100 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
515.4
Lot Size Units
Feet
Lot Width
488.52
Parcel Number
352480435
Occupant Type
Tenant
Cross Street
SUNSET DRIVE
Approx. Age
31 - 50 Years
MLS® Number
X12564454
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement Area
Full, Finished
Postal Code
N0L 2L0
Parking
Private
Parking Places (Total)
8
Parking Spaces
2
Tax Amount
$6,027.10
Tax Year
2024
Site Influences
Deck, Wooded/Treed, Year Round Living
Exterior Features
Deck, Year Round Living
Interior Features
Solar Owned, Water Heater
Property Features
Wooded/Treed
Cable
Available
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick, Vinyl Siding
UFFI
No
Direction Faces
West
Fireplace
No
Foundation Details
Poured Concrete
Garage
Yes
Garage Type
Detached
Covered Spaces
6
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT S1/2 LT 2 CON 2 YARMOUTH PT 1 11R4464; CENTRAL ELGIN
Security Features
Smoke Detector
Topography
Wooded/Treed
Water Source
Drilled Well
Waterfront
No
Sewer
Septic