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Vacant Land For Sale

$1,699,000

1268 Cole Harbour Road

MLS® Number: 202605992

Land Size

1.031

About This Property

Attention Developers! Welcome to 1268 Cole Harbour Road, a rare opportunity to acquire a 1+ acre parcel (44,928 sq ft) consisting of two PIDs on a main thoroughfare. A Development Agreement is already secured and in place for 46 units total, comprised of a 30-unit building with underground parking and 8 townhomes each containing a second unit for a combined 16 units. The heavy lifting has been done for you with the Development Agreement already secured, making this a prime investment in this tenant-friendly location just minutes from everyday amenities, schools, public transportation, the Salt Marsh Trail, and Rainbow Haven Beach. As a bonus, the property currently features a two-unit home offering holding income while you plan your build, along with a large Quonset hut garage. Opportunities like this, where the entitlements are secured, the location is proven, and the vision is already laid out, are exceptionally rare in today's market. Don't miss your chance to move on this investment and bring 46 units to life.

Property Details

Building & Exterior

Parking Features

Paved Yard

Land & Location

City Region

Cole Harbour

Lot Features

Partially cleared

Lot Size Area

1.0314 acres

Lot Size Dimensions

1.0314

Parcel Number

00406702

Postal Code

B2V1N3

Listing & Financials

Listing Office

Royal LePage Atlantic

Originating System Name

Nova Scotia Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($339,800)
5.5%
25 Years

Estimated Monthly Payment

$8,347

Principal and interest only. Actual rates may vary.

Location & Map

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