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R-2 As-of-Right Zone

Build a Fourplex in New Waterford

Fixed-price fourplex construction in New Waterford — 4 units from $160,000/unit with 6-month construction guarantee.

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Starting Price $691,200

Est. Monthly Rent $8,000+

Target Cap Rate 5%

Zoning R-2 As-of-Right

Build Time 6 mo

$160,000

Per Unit Cost

R-2

Primary Zone

6 mo

Build Time

Why Build a Fourplex in New Waterford?

New Waterford is an excellent location for fourplex development with strong rental demand.

Fixed-Price Construction

Helio builds your fourplex at a fixed price of $160,000/unit — no cost overruns, no surprises. Total starting price: $691,200 including soft costs.

Rental Income Potential

New Waterford offers strong rental demand. At $2,000/unit/month, your 4-unit building could generate $8,000+/month in rental income.

R-2 Zoning

New Waterford's R-2 zoning supports fourplex development. As-of-right approval means faster permitting and lower development risk.

CMHC Design Available

Pre-approved CMHC-equivalent designs are available for this building type, potentially qualifying for enhanced financing through CMHC MLI Select with reduced rates and longer amortization.

Step 1

Site Assessment & Feasibility

Evaluate lot suitability, zoning compliance, and preliminary financials. Includes site visit, title search, and initial pro forma.

Step 2

Design & Permitting

Architectural design, engineering, and permit application. Includes site plan approval if required. Timeline varies by municipality.

Step 3

Financing & Pre-Construction

Secure construction financing, finalize contractor agreements, and complete pre-construction requirements.

Step 4

Construction

Foundation, framing, mechanical/electrical, finishing. Regular site inspections and progress draws throughout.

Step 5

Completion & Lease-Up

Final inspections, occupancy permit, and tenant placement. Marketing typically begins 2-3 months before completion.

CMHC

Pre-Approved CMHC Design Available

This building type has CMHC-equivalent designs ready to build, potentially qualifying for faster approvals and enhanced financing through CMHC MLI Select.

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Frequently Asked Questions

How much does it cost to build a fourplex in Nova Scotia?

What lot size do I need for a fourplex?

Do I need to rezone my property to build a fourplex?

How long does it take to build a fourplex?

What returns can I expect from a fourplex investment?

Ready to Build in New Waterford?

Helio is actively building in the greater Halifax area. Get a quote for your specific lot.

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