An excellent multi-family development opportunity is available along Charles Lutes Road in Monctons growing north end. This ±9.3-acre vacant parcel is ideally located within an established residential neighbourhood and benefits from strong demand driven by nearby schools, community amenities, and convenient access to major transportation routes. The property is currently zoned R2 and offers strong potential for rezoning to R3 to support higher-density multi-unit residential development. Preliminary servicing and layout concepts indicate the sites suitability for multi-family development, subject to municipal approvals. Located between Ryan Street and Rural Estates Drive, the property is adjacent to Northrup Frye School and is in close proximity to additional schools, daycare facilities, parks, and everyday services. Access is provided via Charles Lutes Road, with efficient connectivity to Ryan Street, Mountain Road, Route 15, and the Trans-Canada Highway, allowing easy access throughout Greater Moncton. (id:4069)
Address
Lot Charles Lutes Road
List Price
$489,000
Property Type
Vacant Land
Type of Dwelling
Vacant Land
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Moncton
Lot Size
9.22 Sq M.
MLS® Number
NB133097
Listing Brokerage
Colliers International New Brunswick
Postal Code
E1G3T6
