$2,300,000
19.57 BTC
Photos
5069 East Road, Central Elgin
$2,300,000
PRICE
5
BEDROOMS
2
BATHROOMS
X12564454
MLSID

5069 East Road, Central Elgin

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.
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Summary

Address
5069 East Road
Street
MLSID
X12564454
Property Type
Detached
Property Category
Bedrooms
5
Bathrooms
2
Kitchens
1
Zoning
RES
Taxes (Annual)
$6,027.10
Tax Year
2024
Published
November 20, 2025
Days on Market
25 Days
Possession Type
Flexible
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Inclusions

SOLAR FIELD PANEL ON ROTATABLE CUFF & MICRO-FIT CONTRACT, Carbon Monoxide Detector, Dishwasher, Dryer, Refrigerator, Smoke Detector, Stove, Hot Water Tank Owned

Exclusions

TENANT'S PERSONAL POSSESSIONS; TENANT OWNS THE WASHING MACHINE

Details

Property Features
Wooded/Treed
Security Features
Smoke Detector
Bathroom 1
4-Piece Main Level
Bathroom 2
3-Piece Lower Level
Basement
Full, Finished
Exterior Features
Deck, Year Round Living
Interior Features
Solar Owned, Water Heater
Parking Spaces
2
Parking Total
8
Parking Features
Private
Architectural Style
Bungalow-Raised
Roof
Asphalt Shingle
Construction Materials
Brick, Vinyl Siding
Lot Size
4 Acres
Lot Width
489 Feet
Lot Depth
515 Feet
Water
Well
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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