Residential Income For Sale

Fantastic Development Opportunity in Enfield! Calling all developers and investors! Nestled in East Hants’ South Corridor & Commercial Growth Management Area, with 257ft of road frontage on Highway 2, this ~1acre lot offers incredible potential for residential development. Currently zoned R2, both PIDs permit the construction of a duplex on each property. However, with strategic subdivision, the site could accommodate up to 8 units across 4 duplexes. For those seeking higher density, the presence of an adjacent R3-zoned lot strengthens the case for rezoning to R2-T or R3, which could open the door to a larger-scale development. A successful development agreement with the municipality could allow for up to 16 townhomes or, a 24-unit multiplex. There is a century home currently on the property, with lots of recent updates, it could provide income during the permitting and approval process. Just 10min from the Halifax Stanfield International Airport, 25min from Burnside and 35min to Truro, in a rapidly expanding area with strong support for growth, this property presents a superb investment opportunity in one of Nova Scotia’s most sought-after suburban markets. Don’t miss your chance to capitalize on the booming real estate market in the corridor!