22 Sylvia Avenue, Spryfield, NS B3R 1J9

$699,900
: 3
BD
: 2
BA
: 1,782
SqFt

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List Price: $699,900
Status: ACTIVE
MLS#: 202615328
Bedrooms: 3
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Living Area: 1,782
Lot Size (Acres): 0.241
Style: Detached
Year Built: 1959

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Property Description

DEVELOPMENT OPPORTUNITY WITH APPROXIMATELY 70 FEET OF ROAD FRONTAGE OR 140 FEET COMBINED WITH CIVIC #20! Zoned R-4 and situated on an approximately 10,500 sq. ft. lot, this property presents a rare opportunity for investors, developers, and builders seeking future multi-unit development potential. Existing zoning permits up to 9 residential units as-of-right, while preliminary planning analysis suggests the potential for up to 33 units through the Development Agreement process, subject to HRM approval. The existing 3-bedroom, 1.5-bath home offers immediate occupancy, rental income potential, or a holding opportunity while development options are evaluated. Conveniently located near J.L. Ilsley High School, public transit, shopping, parks, and everyday amenities, this site benefits from strong neighbourhood fundamentals and excellent accessibility. An added benefit is the opportunity to acquire the adjacent property at 20 Sylvia Avenue, creating a combined development site of approximately 21,000 sq. ft. with roughly 140 feet of road frontage. Professional planning analysis indicates the combined properties may support up to 61+ residential units through the Development Agreement process, subject to municipal approvals. A unique opportunity to secure a property with both immediate utility and long-term redevelopment potential in an area experiencing continued growth and investment. Buyers to verify all development opportunities and approvals to their satisfaction.

(902) 456-9712

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