REDUCED - Multi-residential Development Site

Lunenburg, Nova Scotia

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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

Location Map

Downloads

Sale Brochure - Hall Street, Lunenburg

Development Potential Analysis - 2023 - Hall St., Lunenburg.pdf

Team

William Hachey

William Hachey

Sales Representative
Avison Young - CA - NS - Halifax
9024488988
Michael Brown

Michael Brown

Managing Director & Broker
Avison Young - CA - NS - Halifax
9022296179

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