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Listed by Brian Regan • INNOVATIVE REAL ESTATE LTD - A507
$1,350,000
Est. payment /mo
7,161 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202616871
HOA Y/N No
Lot Size 7,161 Sqft
Acres 0.1644
Property Sub-Type Unimproved Land
Source Nova Scotia
Property Description
Two permit-advanced development sites in one transaction — a diversified, ready-to-build package in one of Halifax's fastest-growing, supply-tight submarkets, blending low-rise for-sale product with a permitted mid-rise rental. 22 McIntosh Street — shovel-ready townhouses, build to hold or sell. Building permit, architectural drawings, land survey, and engineering drawings are already in hand for 4 × four-bedroom, 3.5-bathroom townhouses. Hold them as a rental property, or sell each as an individual condo unit — the condominium legal work is already underway, giving you a rare dual exit on day one or through a pre-sale process. Price does not include permit and architectural fees; these can be negotiated into the deal. 21 Autumn Drive — PID# 40096372 (available on its own for $1,050,000) permitted 40-unit mid-rise with structured parking. Development permit in hand for a 3-storey, 40-unit building (32,300 buildable sq ft) over one level of underground parking (40 spaces). Efficient wood-frame design with treed views to the rear and rooftop amenity potential to differentiate the product and drive rents. The existing house on site provides holding income of close to $4,000/month, offsetting carrying costs through pre-construction and approvals. Together, these sites offer scale, product diversity, and a de-risked path to construction. Strong pro forma with potential CMHC MLI Select eligibility (including the energy-efficiency stream). Vendor take-back (VTB) financing may be considered for qualified purchasers, subject to buyer covenant and background. Full pro forma and development package available to qualified buyers. Offered at $1,350,000. Land assembly: add the adjacent 19 Autumn Drive to complete all three sites for a total of $1,700,000. Visit the Realtors website for more information.
Location
Province NS
County Halifax
Area 7-Spryfield
Zoning R4
Region Halifax - Dartmouth
City Region Halifax - Dartmouth
Interior
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Connected, High Speed Internet, Phone Connected, To Be Verified
View Y/N No
Garage No
Private Pool No
Building
Lot Description Under 0.5 Acres
Sewer Municipal, To Be Verified
Water Municipal, To Be Verified
Schools
Elementary Schools Rockingstone Heights School
Middle Schools Elizabeth Sutherland School
High Schools Jl Ilsley High School
Others
Ownership Freehold
ParcelsYN No
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