Cushman & Wakefield Atlantic is pleased to present an exceptional multi-unit residential development opportunity in Rothesay, New Brunswick. Lot B supports up to 240 residential units, making it an ideal investment for developers. Strategically located in a sought-after development area, the property is surrounded by a mix of residential and commercial spaces. It offers convenient access to a variety of amenities, with Rothesays primary commercial hub just minutes away. Additionally, quick access to New Brunswick Route 1 ensures seamless connectivity to Saint John. Zoned R4, this property allows for the highest-density residential development permitted under the Rothesay Municipal Plan20 units per acre (50 units per hectare). Apartment buildings and attached housing are permitted, with the potential for multiple buildings per lot, subject to PAC approval. Development must also meet access and circulation requirements as outlined by the National Building Code of Canada. A significant advantage of this site is the $450,000 in engineered groundwork already completed, providing a strong foundation for future development and expediting the construction process. For larger-scale projects, this site can be combined with NB115156 & NB115154, increasing the total potential unit count to 500. (28225232)
Located off of Sierra Avenue in Rothesay
Property Type
Vacant Land
Annual Property Taxes
$587.90 (CAD)
Time on REALTOR.ca
2 days
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