RECENT PRICE REDUCTION
Lunenburg Development Site
Multi-Residential Development Land For Sale
Building
Stats
- Property Type Land - Multifamily
- Size 0.46 acres
- Price $499,000 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.
Highlights
As of Right Development site that is nearly pad ready
Located in an area with strong rental demand and commuting distance to Halifax
Potential for 86 residential units in total
51,870 sf of buildable space plus parking
66 one-bedroom units and 20 two bedroom units
45 total parking stalls
