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$ 1,399,000
Est. payment | /mo
0.95 Acres Lot
$ 1,399,000
Est. payment | /mo
0.95 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Enfield
MLS® Listing ID 202506799
Originating Board Nova Scotia Association of REALTORS®
Lot Size 0.950 Acres
Acres 0.9504
Property Sub-Type Freehold
Property Description
Fantastic Development Opportunity in Enfield! Calling all developers and investors! Nestled in East Hants? South Corridor & Commercial Growth Management Area, with 257ft of road frontage on Highway 2, this ~1acre lot offers incredible potential for residential development. Currently zoned R2, both PIDs permit the construction of a duplex on each property. However, with strategic subdivision, the site could accommodate up to 8 units across 4 duplexes. For those seeking higher density, the presence of an adjacent R3-zoned lot strengthens the case for rezoning to R2-T or R3, which could open the door to a larger-scale development. A successful development agreement with the municipality could allow for up to 16 townhomes or, a 24-unit multiplex. There is a century home currently on the property, with lots of recent updates, it could provide income during the permitting and approval process. Just 10min from the Halifax Stanfield International Airport, 25min from Burnside and 35min to Truro, in a rapidly expanding area with strong support for growth, this property presents a superb investment opportunity in one of Nova Scotia?s most sought-after suburban markets. Don't miss your chance to capitalize on the booming real estate market in the corridor! (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Lot Description Partially landscaped
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Sutton Group Professional Realty
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620 2nd Street SE, Medicine Hat, AB
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