501 Gibson Street Fredericton, New Brunswick E3A 4E8

$1,300,000

Calling all investors and developers! This is an exceptional opportunity to add a high-potential project to your real estate portfolio. Gibson Gardens offers an approved 52-unit multi-family development with the hard work already completed, allowing you to focus on construction and bringing the project to life. The development includes approved plans with municipal water and sewer services already installed, significantly reducing upfront development time and costs. Potential buyers must follow all guidelines set out by the city of Fredericton, and by meetings with neighbors for low Income, Modular Housing project that has been proposed and approved. Modular housing bonus money may be applicable. This project works out to be $25,000 per unit, creating outstanding value for the next owner. Ideally located just off Gibson Street on Fredericton's north side, the property is close to shopping, schools, parks, walking trails, public transit, and all essential amenitiesan ideal location for future tenants. Whether you're looking to expand your investment portfolio or take on your next large-scale development, Gibson Gardens is a rare turnkey opportunity. Get started before the snow flies and position yourself for a productive building season. (id:19018)

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https://www.realtor.ca/real-estate/30096859/501-gibson-street-fredericton