510 Ellerdale Street Saint John, NB E2J 3Z1

An exceptional opportunity to acquire an advanced multi-residential development site in East Saint John with substantial pre-development work already completed. Situated on approximately 0.65 acres, 510 Ellerdale Street is zoned Mid-Rise Residential (RM), subject to applicable conditions, and is supported by a City variance decision approving, with conditions, six site-specific variances associated with a proposed 24-unit apartment development.

Existing plans contemplate a four-storey building plus basement with 8 one-bedroom and 16 two-bedroom units. The design includes an elevator, barrier-free features, private unit storage, balconies/decks and a parking concept showing 15 underground and 13 surface stalls.

The architectural package was advanced to the building permit application stage and includes detailed site, floor plan, unit, elevation, stair, elevator and building envelope drawings. Building and development permits remain required prior to construction.

Convenient East Saint John location close to employment, shopping and services, with public transit along Ellerdale Street providing connections to McAllister Place, the Saint John Regional Hospital and UNB Saint John.

Offered at $425,000 plus HST, if applicable. Existing plans and supporting documentation are available for review. Buyer to verify current zoning, conditions, servicing, approvals, permits and suitability for intended development.