65 Jessicas Way

For Sale New 3 hours
$1,499,900
13 Acre

65 Jessicas Way

For Sale New 3 hours
$1,499,900
13 Acre

Highlights

Key insights

Description

  • Land value ($/Acre)
    $115K/Acre
  • Time on Houseful
    new 3 hours
  • Property type
    Vacant land
  • Lot size
    13 Acres
  • Mortgage payment

Exceptional 13-acre residential development site plus 2 Homes, located in Greenwich, Nova Scotia, extending from Jessicas Way. This prime property offers municipal water and sewer connections, making it an ideal opportunity for subdivision and residential development. The gently sloping topography allows for elevated building sites with potential panoramic views of the Annapolis Valley and Cape Blomidon. Preliminary assessments suggest the potential to develop 2535 residential lots, subject to municipal approval. The property also includes two modern, income-producing homes: A 1,400 sq. ft. bungalow with high-end finishes, currently rented. A 1,300 sq. ft. bungalow with high-end finishes, configured as a two-unit apartment rental with an attached garage. The homes can be assigned a PID # and sold to provide investment dollars to develop the remaining 25 - 35 lots. These homes collectively generate $6,800 per month ($81,600 annually) in rental income, offering substantial cash flow to support ongoing development. This is a rare investment opportunity in a desirable area of the Annapolis Valley, combining strong existing revenue with significant development potential in one of Nova Scotias most sought-after communities. (id:63267)

Bill Milligan of Homelife City & Valley,
#202525236
updated 3 hours ago.
Houseful checked MLS® for data 3 hours ago.

Home overview

Location
  • Subdivision
    Greenwich
  • View
    View of water
  • Directions
    1760960
Lot/ Land Details
  • Lot dimensions
    13
Overview
  • Lot size (acres)
    13.0
  • Listing #
    202525236
  • Property sub type
    Land
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28957177/65-jessicas-way-greenwich-greenwich
  • 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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$-4,000

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