Unique Development Opportunity adjacent to Burnside Industrial / Business Park Nova Scotia. This approximately 150 acres of land is the last privately-owned land neighboring Phase 13 of Burnside Business Park. The land contains two separate zoning; R-7 Rural Estate and I-2 Industrial. Listed for $1.25/square foot, consider development costs of $2.50/square foot on average and compared to recent HRM sales around $6.00/square foot. The potential returns are considerable. Potential development presents numerous options such as a residential subdivision for Executives/Work force that work in the Park or, the entire lot could be converted to I-2 Industrial for selling ready use lots with store front and/or, a mix of both zoning to accommodate some residential/some commercial. Due to the proximity of the highway, this area would make an easy commute to work, ease of access to health services or other amenities. Part of the land backs on the Shubenacadie Canal System and Lake William, imagine building a small retirement community within the subdivision where, mom and dad can be close to the Grand Parents and just a simple retirement community with access to the Canal System and the Lake. This opportunity is a gem for the right investor.
*This Payment Calculator is intended for educational and planning purposes only. **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Nova Scotia MLS®. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.