5537 Cogswell Street, Halifax
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).
5537 Cogswell St, Halifax B3J 1R2
Is this an A La Carte Listing: Yes
Contact Name: Robin Stewart
Contact Email: firstname.lastname@example.org
Contact Phone: 902 401-6739 (Text Message Preferred)
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