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121 Unit Multi Residential Development Property - #1
121 Unit Multi Residential Development Property - #2
121 Unit Multi Residential Development Property - #3
121 Unit Multi Residential Development Property - #4

À vendre

$2,420,000 CAD

Spacious lot with approved development agreement permitting a functional and convenient 121 unit multi-residential development minutes from downtown Truro. With approved plans for constructing an expansive multi-residential development, including (1) 4-storey 56-unit building, (1) 4-storey 55-unit building, and (10) townhouse units, this treed property offers ample opportunity near the heart of high-traffic Truro. There there are countless amenities minutes away making this location a convenient, private, and comfortable location for a variety of tenants’ lifestyles.

Truro itself offers exceptional accessibility being a key touchpoint for all major highways and sitting in the heart of Nova Scotia.

With record low apartment vacancy rates, and booming provincial population and interprovincial immigration, there is a clear need and unprecedented demand for new supply in the Truro multi-residential rental market. Next door to the subject property, new developments and subdivisions are popping up, making the William Barnhill Drive area a community that is sure to attract residents and businesses for years to come.