REDUCED - Multi-residential Development Site Listing Details & Market Data

Lunenburg is a port town on the South Shore of Nova Scotia, Canada. Founded in 1753, the town was one of the first British attempts to settle Protestants in Nova Scotia. The economy was traditionally based on the offshore fishery and today Lunenburg is the site of Canada's largest secondary fish-processing plant. The town flourished in the late 1800s, and much of the historic architecture dates from that period. In 1995, UNESCO designated it a World Heritage Site. UNESCO considers the site the best example of planned British colonial settlement in North America, According to the 2016 census, the most common National Occupational Classification was sales and services, representing 24 per cent of jobs. Approximately half of the remaining jobs were in health care and social assistance, accommodation and food services, manufacturing, and retail. High Liner Foods runs Canada's largest secondary fish-processing plant in the town.This is your chance to own a fully approved Development site in the heart of an established town, with UNESCO Heritage Designation. This property boasts access from Hall Street via Victoria Road, a major intersection and thoroughfare, with amazing views of the ocean from the upper floors. Tenants enjoy superior access from a residential perspective to surrounding amenities, and commercial businesses that are accessible on foot. This asset is sure to generate long-term cash flow, appreciation and easy rent up when ready. The Vendor is also willing to provide a substantial VTB (Venor Takeback Mortgage).