22 McIntosh Street, Spryfield

Description

Two permit-advanced development sites in one transaction — a diversified, ready-to-build package in one of Halifax's fastest-growing, supply-tight submarkets, blending low-rise for-sale product with a permitted mid-rise rental. 22 McIntosh Street — shovel-ready townhouses, build to hold or sell. Building permit, architectural drawings, land survey, and engineering drawings are already in hand for 4 × four-bedroom, 3.5-bathroom townhouses. Hold them as a rental property, or sell each as an individual condo unit — the condominium legal work is already underway, giving you a rare dual exit on day one or through a pre-sale process. Price does not include permit and architectural fees; these can be negotiated into the deal. 21 Autumn Drive — PID# 40096372 (available on its own for $1,050,000) permitted 40-unit mid-rise with structured parking. Development permit in hand for a 3-storey, 40-unit building (32,300 buildable sq ft) over one level of underground parking (40 spaces). Efficient wood-frame design with treed views to the rear and rooftop amenity potential to differentiate the product and drive rents. The existing house on site provides holding income of close to $4,000/month, offsetting carrying costs through pre-construction and approvals. Together, these sites offer scale, product diversity, and a de-risked path to construction. Strong pro forma with potential CMHC MLI Select eligibility (including the energy-efficiency stream). Vendor take-back (VTB) financing may be considered for qualified purchasers, subject to buyer covenant and background. Full pro forma and development package available to qualified buyers. Offered at $1,350,000. Land assembly: add the adjacent 19 Autumn Drive to complete all three sites for a total of $1,700,000. Visit the Realtors website for more information.