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Lot 2008-4/5 Eddy Street
homes for sale · Amherst
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$116,900

Lot 2008-4/5 Eddy Street

Amherst · MLS® 202613702

2 sq ft lot · Land · Vacant Land · 138 days on market

listed by Tony Mitchell, Royal LePage Cumberland Realty Ltd.

realtor's description

Development Opportunity Eddy Street, Amherst Excellent development opportunity in the heart of Amherst with convenient access from Eddy Street. This consolidated parcel is within walking distance of downtown amenities, shopping, restaurants, services, schools, and parks-an attractive feature for future residential development. The property previously received Town approval for a Development Agreement permitting a bare land condominium project of up to 20 units, including a mix of detached, semi-detached, and townhouse-style homes. The original concept featured a private internal road and on-site infrastructure maintained by the condominium corporation. An easement remains in place for municipal services from Brownell Avenue. The Development Agreement was later discharged at the owner's request, leaving the property free of those previous conditions and subject to the Town's current planning framework. This presents a unique opportunity to design a project tailored to today's housing market while benefiting from a site that has already demonstrated municipal support for multi-unit residential development. As an added benefit, the seller is willing to assist the successful buyer through the development approval process at a mutually agreed cost, helping streamline the path from concept to construction. Next Steps: Contact your REALTOR® for additional information, including historical planning documents and site details. All development proposals remain subject to Town of Amherst approvals.

property details

type
Land, Vacant Land
lot
2 sq ft
parking
0
days on market
138
MLS®
202613702

monthly cost

$509/mo
Mortgage $509

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment
$509/ monthly
loan $93,520
25-year amortization
total interest
$59,277
cash to close
$23,380
down payment; transfer tax and fees not included
total paid
$152,797

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

AmherstGoogle Maps ↗

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listed by
Tony Mitchell
Royal LePage Cumberland Realty Ltd.
call Tony · 902-664-1372
Powered by: REALTOR.ca

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location

AmherstGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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