Build over 100 new units while collecting immediate rental income from an existing, fully retrofitted 18-unit apartment building (former school, renovated in 2018), plus a 2-bedroom house with double garage and storage shedall on 4.45 acres of R-4 High Density Residential land with land use approval for approximately 126 total units. Commanding sweeping views over the Town of Windsor and located just minutes from amenities, schools, shops, Highway 101, and key commuter routes to Halifax and the Annapolis Valley, this property offers a rare combination of stable cash flow today and exceptional multifamily development potential through the construction of a new 100+ unit building. (id:4069)
Address
790 King Street
List Price
$4,750,000
Property Type
Multi-family
Type of Dwelling
Apartment
Transaction Type
Sale
Area
Nova Scotia
Sub-Area
Windsor
Lot Size
4.45 Sq. Ft.
Year Built
1956
MLS® Number
202615905
Listing Brokerage
RE/MAX Nova (Halifax)
| RE/MAX Nova
Basement Area
None
Postal Code
B0N2T0
Ownership
Freehold
Site Influences
Park, Playground, Public Transit, Shopping, Place of Worship
Features
Wheelchair access
Community Features
Recreational Facilities, School Bus
Appliances
Intercom
Heat Source
Oil
Heat Type
Baseboard heaters, Furnace, Hot Water
Foundation Details
Concrete Perimeter
Water Source
Municipal water
Sewer
Municipal sewage system
