+31 more
5
Bedrooms
4
Bathrooms
13 ac
Lot
2019
Year Built
About This Property
This 5-bedroom, 4-bathroom vacant land in Greenwich offers a 13 ac lot. Built in 2019, 1 storey. The property has lot dimensions of 13.
MLS Remarks
Exceptional 13-acre residential development site plus 2 Homes WITH POTENTIAL TO BUILD 1 MORE HOME ON THE PROPERTY WITHOUT THE NEED TO SUB - DIVIDE PLUS DEVELOPMENT POTENTIAL FOR 25 TO 30 LOTS IF YOU WISH TO SUB-DIVIDE., 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. Apt 1 $1750 per month, Apt 2 $1750 per month. Main home $3300 per month. 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:60351)
Overview
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