5 Bedroom
2 Bathroom
700 - 1,100 ft2
Raised Bungalow
Central Air Conditioning
Forced Air
$2,300,000
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:50976)
Property Details
|
MLS® Number
|
X12564454 |
|
Property Type
|
Single Family |
|
Community Name
|
Rural Central Elgin |
|
Features
|
Wooded Area, Solar Equipment |
|
Parking Space Total
|
8 |
|
Structure
|
Deck |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
5 |
|
Bedrooms Total
|
5 |
|
Age
|
31 To 50 Years |
|
Appliances
|
Water Heater, Dishwasher, Dryer, Stove, Refrigerator |
|
Architectural Style
|
Raised Bungalow |
|
Basement Development
|
Finished |
|
Basement Type
|
Full (finished) |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick, Vinyl Siding |
|
Fire Protection
|
Smoke Detectors |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
1 |
|
Size Interior
|
700 - 1,100 Ft2 |
|
Type
|
House |
|
Utility Water
|
Drilled Well |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Septic System |
|
Size Depth
|
515 Ft ,4 In |
|
Size Frontage
|
488 Ft ,6 In |
|
Size Irregular
|
488.5 X 515.4 Ft |
|
Size Total Text
|
488.5 X 515.4 Ft |
|
Zoning Description
|
Res |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Lower Level |
Family Room |
4.57 m |
8.31 m |
4.57 m x 8.31 m |
|
Lower Level |
Bedroom |
3 m |
3.25 m |
3 m x 3.25 m |
|
Lower Level |
Bedroom |
3.05 m |
3.12 m |
3.05 m x 3.12 m |
|
Lower Level |
Games Room |
4.27 m |
6.22 m |
4.27 m x 6.22 m |
|
Main Level |
Other |
3.96 m |
6.4 m |
3.96 m x 6.4 m |
|
Main Level |
Dining Room |
2.74 m |
3.66 m |
2.74 m x 3.66 m |
|
Main Level |
Living Room |
3.66 m |
4.88 m |
3.66 m x 4.88 m |
|
Main Level |
Bedroom |
2.9 m |
2.59 m |
2.9 m x 2.59 m |
|
Main Level |
Bedroom |
2.9 m |
3.96 m |
2.9 m x 3.96 m |
|
Main Level |
Primary Bedroom |
4.48 m |
3.96 m |
4.48 m x 3.96 m |
Utilities
|
Cable
|
Available |
|
Electricity
|
Installed |
https://www.realtor.ca/real-estate/29124073/5069-east-road-central-elgin-rural-central-elgin
