20 Sylvia Avenue, Spryfield, NS B3R 1J9

$699,900
: 4
BD
: 1
BA
: 2,334
SqFt

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List Price: $699,900
Status: ACTIVE
MLS#: 202615322
Bedrooms: 4
Bathrooms: 1
Full Baths: 1
Living Area: 2,334
Lot Size (Acres): 0.241
Style: Detached
Year Built: 1980

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Property Description

DEVELOPMENT OPPORTUNITY WITH APPROXIMATELY 70 FEET OF ROAD FRONTAGE OR 140 FEET COMBINED WITH CIVIC #22! This R-4 zoned property offers exceptional potential for investors, developers, and builders in a highly accessible Spryfield location. Situated on a 10,500 sq. ft. lot, the property currently permits up to 9 residential units as-of-right under existing zoning. Preliminary development analysis indicates the potential for up to 33 units through the Development Agreement process, subject to HRM approval. The existing 4-bedroom, 1-bath home provides immediate rental income potential or a holding opportunity while future development plans are explored. Perfect for high-density residential development, this property sits just steps from J.L. Ilsley High School, transit, shopping, and major commuter routes. An exceptional opportunity exists when purchased in conjunction with neighbouring 22 Sylvia Avenue. Together, the two properties comprise approximately 21,000 sq. ft. of land with roughly 140 feet of combined road frontage. Professional planning analysis indicates the potential for up to 61 residential units through the Development Agreement process, subject to municipal approvals. Buyers are encouraged to conduct their own due diligence regarding development potential and approvals.

(902) 999-2013

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