ON > Central Elgin > Rural Central Elgin
Central Elgin, ON N0L 2L0,5069 East RD
Central Elgin, ON N0L 2L0,5069 East RD
Central Elgin, ON N0L 2L0,5069 East RD
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$2,300,000
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5 Beds
2 Baths
New

5069 East RD Central Elgin, ON N0L 2L0

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

UPDATED:

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

Listed by ROYAL LEPAGE TRILAND REALTY
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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5069 East RD

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