Property Description

A rare opportunity to acquire two adjoining properties in Halifax's sought-after Mainland area, offered together as one exceptional development package. 34 Craigmore Drive and Lot 3B Craigmore Drive have been rezoned to R-3 under the Halifax Mainland Land Use By-law, creating a premier opportunity for multi-unit residential development. Together, the properties offer as-of-right development potential for up to 38 residential units (buyer to verify), with the possibility of achieving even greater density through the Development Agreement (DA) process, subject to municipal approval. Whether you're an established developer or an investor looking to secure your next project, opportunities of this scale and zoning are becoming increasingly difficult to find. Adding to the property's appeal, 34 Craigmore Drive includes an existing vacant single-family home, providing the option for interim rental income, project staging, or holding flexibility while development plans and permits are finalized. Strategically positioned in a growing Halifax neighbourhood with excellent access to major transportation routes, shopping, schools, parks, and amenities, this is an outstanding opportunity to capitalize on the continued demand for housing in one of Atlantic Canada's strongest real estate markets. Development opportunities with this combination of location, zoning, scale, and holding potential are exceptionally rare. Contact your REALTOR® today for additional information. (id:7434)