493 King Street

• Beautiful water views
• Strong demand for residential rentals
• Plentiful surrounding amenities
• Potential for an owner occupier with ground floor commercial

Property Description

This fantastic redevelopment opportunity is positioned to consist of 1,163 sf of ground floor commercial space combined with13 residential units. This corner lot with convenient parking would make an excellent owner occupier site or pure investment. With views of the LaHave River from the 4 storey redevelopment, many of the occupants will enjoy not only river views, but the convenience of walkable amenities along Kings Street. There are endless possibilities for the future redevelopment, but some features include a rooftop patio amenity space for use by all tenants, a mix of one and two bedroom residential units, and the use of wood framed construction to reduce the overall cost of construction. Detailed architectural plans are available via separate download on the Avison Young Website. Note: The Project Appraisal available for download suggests an as completed value of $3,120,000, however we believe residential rental rates have increased since the report was issued, so we have readjusted for these increases.