33424652 Westerwald St

For Sale New 4 Days
$4,375,000
0.55 Acre

33424652 Westerwald St

For Sale New 4 Days
$4,375,000
0.55 Acre

Highlights

Key insights

Description

  • Land value ($/Acre)
    $8M/Acre
  • Time on Houseful
    new 4 days
  • Property type
    Vacant land
  • Neighbourhood
  • Lot size
    0.55 Acre
  • Mortgage payment

Exceptional development opportunity in Halifaxs Fairview district! 3342, 3346 & 3352 Westerwald Street comprise three contiguous parcels totaling 23,862 sq. ft., perfectly positioned just off Dutch Village Road with swift access to Highway 102, Joseph Howe Drive and the MacKay Bridge. Zoned C-2C, the site supports mixed-use or residential development up to 20 m in height and 75% lot coverage, allowing a range of building forms and future flexibility. A professional architectural capacity study confirms the potential for an 80-unit, 80,252 sq. ft. building with 52 well-proportioned one-bedroom and 28 two-bedroom layouts, plus underground parking and optional ground-floor commercial space, all thoughtfully designed within current code and zoning parameters. Each parcel is improved with a single-family home, offering immediate rental income while developers prepare permit applications, finalize designs, or pursue financing and partnerships. Priced at $4,375,000approximately $183.50 per sq. ft. of land and $54.50 per buildable sq. ft.this opportunity is attractively positioned below recent C-2C and COR land sales along Bayers Road and Dutch Village Road, several of which lacked architectural studies or evidence of true feasibility. Westerwald Street offers a quieter residential setting just steps from an area undergoing significant revitalization, including upgraded streetscapes, active-transportation corridors, new retail and mixed-use investmentall enhancing long-term rental and condominium demand. For developers or investors seeking scale, verified buildability, interim cash flow and exceptional upside in one of Halifaxs most dynamic urban growth corridors, 33423352 Westerwald Street is a rare chance to secure a high-confidence project with both near-term holding income and outstanding future potential. (id:63267)

Keith Kenny of Century 21 Optimum Realty,
#202523630
updated 4 days ago.
Houseful checked MLS® for data 4 days ago.

Home overview

Amenities / Utilities
  • Sewer/ septic
    Municipal sewage system
Location
  • Subdivision
    Fairview
Lot/ Land Details
  • Lot desc
    Landscaped
  • Lot dimensions
    0.5478
Overview
  • Lot size (acres)
    0.55
  • Listing #
    202523630
  • Property sub type
    Land
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28879488/33424652-westerwald-street-fairview-fairview
  • 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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$-11,667

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