Primary photo of 8 Smith Street, Amherst
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Vacant Land For Sale

$259,000

MLS® Number: 202602958

Land Size

0.97

8 Smith Street, Amherst, Nova Scotia

About This Property

Fantastic development opportunity in Amherst. This property comes with an approved Development agreement allowing for the construction of Two 12 unit apartment buildings for a total of 24 residential units. It's an excellent option for builders or investors looking to take on a multifamily project in a strong rental market with steady demand for quality housing. Municipal water and sewer services are available, and the Development Agreement along with rough building layouts can be provided for review. With the DA already in place, a buyer can move forward without the hassle of going through the development Agreement process, saving significant time and uncertainty. The site offers a clear path for planning and design, with a buyer's preferred approach.

Property Details

Building & Exterior

Parking Features

None

Land & Location

City Region

Amherst

Lot Features

Level lot, Softwood bush

Lot Size Area

0.97 acres

Lot Size Dimensions

0.97

Parcel Number

25031352

Postal Code

B4H2P9

Listing & Financials

Listing Office

Keller Williams Select Realty (Truro)

Originating System Name

Nova Scotia Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($51,800)
5.5%
25 Years

Estimated Monthly Payment

$1,272

Principal and interest only. Actual rates may vary.

Location & Map

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