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.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow-Raised
Approx. Age:
31-50
Total Approx Floor Area:
700-1100
Lot Depth:
515'4¾"157 m
Lot Frontage:
488'6¼"149 m
Topography:
Wooded/Treed
Direction Faces:
West
Bedrooms:
5
Bathrooms:
2.0
Water supply:
Well
Kitchens:
1
Bedrooms Above Grade:
5
Kitchens Above Grade:
1
Rooms Above Grade:
12
Zoning:
RES
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Poured Concrete
Roof:
Asphalt Shingle
Basement:
Full, Finished
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
6.0
Parking Features:
Private
Parking Spaces:
2
Total Parking Spaces:
8.0
Family Room:
No
Pool:
None
Link:
No
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$6,027.1 /
2024
Assessment:
$- /
-
Elgin
Central Elgin
Rural Central Elgin
Wooded/Treed
Solar Owned, Water Heater
Deck, Year Round Living
Smoke Detector
SOLAR FIELD PANEL ON ROTATABLE CUFF & MICRO-FIT CONTRACT, Carbon Monoxide Detector, Dishwasher, Dryer, Refrigerator, Smoke Detector, Stove, Hot Water Tank Owned
TENANT'S PERSONAL POSSESSIONS; TENANT OWNS THE WASHING MACHINE
Data was last updated November 26, 2025 at 01:15 AM (UTC)
Area Statistics
Listings on market:
50
Avg list price:
$750,500
Min list price:
$379,000
Max list price:
$2,300,000
Avg days on market:
75
Min days on market:
5
Max days on market:
607
These statistics are generated based on the current listing's property type
and located in
Rural Central Elgin. Average values are
derived using median calculations. This data is not produced by the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.