REDUCED - Multi-residential Development Site
Lunenburg, Nova Scotia
Building
Stats
- Property Type Land - Multifamily
- Size (Ac) 0.46
- Price $699,000 CAD
- Zoning Commercial Mixed Use [CM] - Mainstreet LZ3
Overview
This is your chance to own a fully approved Development site in the heart of an established town, with UNESCO Heritage Designation. This property boasts access from Hall Street via Victoria Road, a major intersection and thoroughfare, with amazing views of the ocean from the upper floors. Tenants enjoy superior access from a residential perspective to surrounding amenities, and commercial businesses that are accessible on foot. This asset is sure to generate long-term cash flow, appreciation and easy rent up when ready. The Vendor is also willing to provide a substantial VTB (Venor Takeback Mortgage).
Highlights
Vendor willing to provide a substantial VTB (Venor Takeback Mortgage)
As of Right Development site that is nearly pad ready;
Strong rental demand. Within commuting distance to Halifax;
Potential for 86 residential units in total;
51,870 ft.² of buildable space plus parking;
66 one-bedroom units and 20 two bedroom units;
45 total parking stalls
