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For Sale · Halifax · Retail
$1,249,900
About This Home
Welcome to a rare investment opportunity in the heart of the city. Encompassing nearly three full-sized city lots under one PID, this expansive 8,961 sq ft property offers exceptional redevelopment potential in a highly desirable and rapidly growing location. The site currently features a 1,500 sq ft commercial building with a warehouse/office layout, attached to a 1,600 sq ft single-family home. Also included is a vacant lot presently used for parking, adding flexibility for future development or interim income use. The existing structures require capital investment and are being sold as is. Zoned ER-3, the property permits the development of up to 8 residential units, making it an attractive option for developers and investors seeking medium-density residential opportunities. Adding further value, the property benefits from grandfathered commercial zoning, presenting a rare opportunity for mixed-use or alternative development options that are increasingly difficult to secure in this area. Whether youre a developer, investor, or visionary builder, opportunities of this scale and zoning flexibility are seldom available. Secure a high-potential asset in one of the citys most sought-after corridors. (id:66635)
Summarizing the highlights...
Property Details
July Value
Calculating a July Value estimate...
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My Notes
Location
Run The Numbers
Monthly mortgage payment
$5,845
$999,920 financed over 25 years at 5%. For guidance only, not a quote or approval.
Monthly cost (mortgage + tax + maintenance)
$5,845
Cash flow
-$5,845
Estimates for education only. Talk to a JULY advisor for real numbers on this home.
Halifax right now
Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.
The Neighbourhood
Household and demographic stats for Halifax, from the Statistics Canada 2021 Census.
The immediate block around this home (right here): about 476 residents in 334 homes, 9,426 people/km² (dense urban).
Source: Statistics Canada 2021 Census, Halifax, Regional municipality, Nova Scotia; block-level figures from dissemination area 12090328.
Schools
K-12 schools closest to this home, with straight-line distances.
Armbrae Academy
independent · k12
LeMarchant-St. Thomas Elementary School
public · elementary
Halifax Central Junior High School
public · middle
Sir Charles Tupper School
public · elementary
Gorsebrook Junior High School
public · middle
Sacred Heart School of Halifax
independent · k12
Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.
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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
