Main Street Development Site
- Up to 205,800 sf of gross buildable area with potential to develop +/- 230 units
- Short term income in place
- Additional density through amendments to the Centre Plan enhances this opportunity to develop in an area with low vacancy rates
- Excellent local and regional access while offering close proximity to a wide variety of amenities in Westphal and other areas of Dartmouth
Property Description
On behalf of the owner, Avison Young is pleased to offer for sale this Main Street Development opportunity, a 27,170 sf site located in Dartmouth, Nova Scotia. The property comprises four parcels creating a rectangular lot with frontage on Main Street and Lakecrest Drive, and is approved by a recent Municipal Planning Strategy amendment as detailed in the planning overview section, including up to 205,800 sf of gross buildable area. The planning overview section outlines a potential development opportunity for the site that would create approximately +/- 230 units with one level of underground parking, along with a site plan and building massing.
Broker Details
Avison Young - CA - NS - Halifax 902 229 6179
Broker Details
Avison Young - CA - NS - Halifax 902-448-8988
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,750,000 |
| No. of Units: | 230 |
| Lot Size: | 27,170.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $25,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1249 1251 Rue du Sieur-d’Argenteuil
Quebec (Sainte-Foy/Sillery/Cap-Rouge), Quebec
4705 4707 Av. Earnscliffe
Montreal (Cote-des-Neiges/Notre-Dame-de-Grace), QuebecBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout