361 Highway 2

For Sale 154 Days
$1,399,000
0.95 Acre

361 Highway 2

For Sale 154 Days
$1,399,000
0.95 Acre

Highlights

Key insights

Description

  • Land value ($/Acre)
    $1.5M/Acre
  • Time on Houseful
    154 days
  • Property type
    Vacant land
  • Lot size
    0.95 Acre
  • Mortgage payment

Fantastic Development Opportunity in Enfield! Calling all developers and investors! Nestled in East Hants South Corridor & Commercial Growth Management Area, with 257ft of road frontage on Highway 2, this ~1acre lot offers incredible potential for residential development. Currently zoned R2, both PIDs permit the construction of a duplex on each property. However, with strategic subdivision, the site could accommodate up to 8 units across 4 duplexes. For those seeking higher density, the presence of an adjacent R3-zoned lot strengthens the case for rezoning to R2-T or R3, which could open the door to a larger-scale development. A successful development agreement with the municipality could allow for up to 16 townhomes or, a 24-unit multiplex. There is a century home currently on the property, with lots of recent updates, it could provide income during the permitting and approval process. Just 10min from the Halifax Stanfield International Airport, 25min from Burnside and 35min to Truro, in a rapidly expanding area with strong support for growth, this property presents a superb investment opportunity in one of Nova Scotias most sought-after suburban markets. Don't miss your chance to capitalize on the booming real estate market in the corridor! (id:55581)

Jack Evans of Sutton Group Professional Realty,
#202506799
updated 3 months ago.
Houseful checked MLS® for data 3 months ago.

Home overview

Amenities / Utilities
  • Sewer/ septic
    Municipal sewage system
Location
  • Subdivision
    Enfield
Lot/ Land Details
  • Lot desc
    Partially landscaped
  • Lot dimensions
    0.9504
Overview
  • Lot size (acres)
    0.95
  • Listing #
    202506799
  • Property sub type
    Land
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28119684/361-highway-2-enfield-enfield
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-3,731

/ Month
25 Years fixed, 20% down payment, % interest
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