Greystone Drive, Spryfield, Development site

Avison Young, on behalf of the Owner, is pleased to offer for sale three undeveloped parcels of residential development land on Greystone Drive in Spryfield. Together, the properties comprise approximately 3.4 acres with approximately 59 metres of combined frontage on Greystone Drive.

Preliminary planning analysis identifies development potential for up to 263 residential units. At the asking price of $3,945,000, this represents an attractive land basis of approximately $15,000 per potential unit.*

The lands are located within the Urban Services Area and are zoned R-3, supporting a range of residential forms, including low-rise apartments and stacked-attached housing. With multiple potential development scenarios, Greystone Drive offers an opportunity to secure a sizeable residential development site in an established Halifax community where demand for new housing remains strong.

Location

The subject properties are located on Greystone Drive in Spryfield, an established and growing residential community within Halifax. The location provides convenient access to public transit, schools, recreation, grocery stores, restaurants, retail shops and other everyday services.

Spryfield is well connected to Downtown Halifax and surrounding communities through the area’s principal road and public transit networks. This accessibility provides future residents with convenient connections to major employment areas, institutional uses and amenities throughout the Halifax Regional Municipality.

The surrounding area features a mix of established residential neighbourhoods, multi-residential communities, parks and recreational amenities. Continued residential investment and demand for new housing make Greystone Drive a compelling opportunity for developers seeking scale and long-term potential within the Halifax market.

^{*Based on the asking price and preliminary 263-unit maximum; subject to purchaser verification and approvals.}