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5537 Cogswell Street, Halifax, NS, B3J 1R2 (MLS® 201910842)

5537 Cogswell Street, Halifax (MLS® 201910842): Check out this amazing development opportunity, with Halifax’s thriving downtown at your doorstep. Currently there are 3 units on floors 1, 2 and 3; with demolition complete for the fourth (basement) apartment (back to the foundation walls) with building permit in place to put it back as a two bedroom unit. Value upon completion estimated at $890,000 in recent appraisal. It may also be possible to carve out an owners unit on the top two floors or main floor and basement, within the existing building envelop. The proposed HRM Centre Plan bylaws (April 2019) show this area as a CEN-1 zone, which means lots of commercial uses could be possible here if adopted as proposed (daycare, pet daycare, restaurant, local commercial, 200m2 office or fitness centre, etc). Also, under the Centre Plan, there might be a window of opportunity to apply for future a ‘heritage development agreement’ to add a tasteful addition to the rear of the property, if heritage designation is sought (buyer to confirm). Projected rents from Dal Off-campus living webpage for downtown: $1200 (1 bdrm) and $1775 (2 bdrm). Heating and hotwater is electric (tenant could pay if separate meters installed). *** FOR MORE INFORMATION PLEASE VISIT REALTOR WEBSITE ***

Listing Courtesy of: INNOVATIVE REAL ESTATE LTD - A507

$667,500
MLS®
201910842
PID
00158998
List Price
$667,500
Lot Size
2,136
Foundation
Stone
Roof
Asphalt Shingle
Exterior
Wood Shingles
Flooring
Ceramic, Softwood, Tile

contact the agent.

REALTOR®

Nas Klayme.

Nas Klayme
902-877-2122
nas@klayme.com