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Investment signal

$1,900,000

5069 EAST ROAD

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Central Elgin. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

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:65958)

Subtype: Single Family
Architectural style: Raised bungalow
Structure: House
Community: Rural Central Elgin
Common interest: Freehold
Lot dimensions: 488.5 x 515.4 FT
Bedrooms: 5 above grade
Parking: 8 total
Stories: 1
On market: Nov 20, 2025
Status changed: Apr 24, 2026
Annual tax: $6,027.1
Zoning: RES
Photos: 11
MLS#: X12564454
Area: CENTRAL_ELGIN

Features and systems

Parking

Detached GarageGarage

Basement

FinishedFull

Appliances

RefrigeratorDishwasherStoveDryerWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

Poured Concrete

Lot

Wooded areaSolar Equipment

Utilities

ElectricityCable

Security

Smoke Detectors

Negative cash flow ~$2,002/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.32%

Cap rate

3.60%

GRM

16.7

Break-even rent

$11,608

Financing

Down payment$380,000

Loan amount$1,520,000

Mortgage$7,702/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$871

Insurance$80

Maintenance$1,583

CapEx reserve$792

Vacancy loss$475

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $7,702/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.