Description
Welcome to an incredible investment opportunity near the University of Moncton! This R3 multi-unit lot offers a prime location and limitless potential for savvy investors and developers. With approval for a 16-unit building or the flexibility to construct an 8-unit walk-up style apartment building, this property presents an exciting chance to capitalize on the high demand for housing in this thriving area. Superb Location: Situated in close proximity to the University of Moncton, this lot enjoys the benefits of a bustling academic community and a steady stream of potential tenants. The convenience of nearby amenities, including shops, restaurants, and public transportation,| enhances the appeal for students, young professionals, and families alike. Land Approval: A 16 unit was conditionally approved for this lot however you also have the option, if you wish, to develop an 8-unit walk-up style apartment building instead, offering a more intimate living environment for residents. Moncton's rental market has experienced sustained growth in recent years, making it an ideal time to capitalize on the strong demand for housing in the area. Whether you choose to build 16 units or 8 units, this property promises attractive rental income potential and excellent occupancy rates. 16 unit and 8 unit plans will be available to qualified interested parties. Purchasers to verify zoning and are responsible for obtaining their own permits. SELLER IS A LICENSED REALTOR® in the province of NB (id:12813)
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Listing Office: Keller Williams Capital Realty
