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Home NB Shediac
Lot South Cove Road
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Lot South Cove Road $499,000
$499,000
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Lot South Cove Road
Shediac, New Brunswick E4P1V9

MLS® Number: NB115465

Listing Description

ATTN: DEVELOPERS & INVESTORS. VTB option! For SALE is an R3 Zoned, 0.7 ACRE land parcel which has been APPROVED for a 5 story, 44 unit apartment building project! INCLUDED IN THE PRICE: PHASE 1 environmental, Geotechnical Report, Preliminary Site Plan drawings & 3D Renderings. THIS IS A RARE OPPORTUNITY for someone looking for a turnkey project to develop in the growing Shediac region, which attracts new residents every year with its beautiful sandy beaches and comfortable lifestyle! Top floors of this apartment building will have a beautiful view of the ocean for the enjoyment of your future tenants, along with a common area rooftop patio as shown on the renders! Take advantage of saving 15% of your hard costs utilizing the full HST rebate opportunity available now. Alternatively to make the project very competitive, you can choose to build a 3 story building of 30-36 units and have no elevator, very low cost of construction and no underground parking to be able to set rents at much below the competitors. Vendor is open for a VTB (vendor take back mortgage). HST is not included in the purchase price. (28246699)

Location Description

When driving East on Main St in Shediac, take left on South Cove Rd and drive for about 200m. The lot will be on your right hand side.

Property Summary

Property Type
Multi-family
Title
Freehold
Land Size
2857 m2
Annual Property Taxes
$1,746.09
Time on REALTOR.ca
10 days

Building

Building Features
Rental Equipment
None
Total Units
44
Heating & Cooling
Heating Type
Other
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Other

Measurements

Total Finished Area
10000 sqft

Land

Other Property Information
Access
Year-round access
Zoning Description
R3
Data provided by: New Brunswick Real Estate Board Unit 1 - 1000 Sandy Point Road, Saint John, New Brunswick E2K 5H3

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