Nova Scotia
Build in Greenwood
Stable employment, consistent demand, and low vacancy make Greenwood ideal for rental housing investment
R2
Primary Zone
From $160K
Per Unit Cost
From $2,000/mo
Standard Rent
Zoning in Greenwood
Multiple zones allow multi-family development as-of-right, with varying density allowances.
R1
Up to 1 Units
Low-density residential zone for single-family dwellings. Limited flexibility for multiplex development. Common in established residential areas of Gr...
9m (2 storeys)
35% coverage
R2
Up to 2 Units
Low-density residential zone allowing duplexes and semi-detached homes. Available in residential areas of Greenwood and surrounding Kings County. Prim...
9m (2 storeys)
40% coverage
R3
Up to 4 Units
Medium-density residential zone allowing triplexes and fourplexes. Available in select areas with municipal services. Ideal for multi-family housing s...
10m (2.5 storeys)
45% coverage
Why Build in Greenwood?
✓
Largest Single-Site Employer
14 Wing Greenwood employs over 2,300 people including Regular and Reserve Force members, civilians, and contractors. This massive employment base creates consistent, recession-resistant rental demand in the community.
✓
Predictable Military Demand
Military postings typically last 2-4 years, creating reliable tenant turnover with new arrivals constantly seeking housing. Many personnel prefer off-base rental housing over military family housing units.
✓
Low Vacancy, Strong Rents
Kings County vacancy rates are among the lowest in Nova Scotia. Two-bedroom units in Greenwood rent for approximately $1,500-1,600 monthly, with steady demand ensuring minimal vacancy loss between tenants.
✓
15% Lower Construction Costs
Greenwood's 0.85x cost multiplier compared to HRM means significant savings on labor and materials. Combined with stable military rents, investors can achieve excellent returns.
Products Available in Greenwood
Based on local zoning, these products can be built as-of-right or with standard approvals.
Have a Lot in Greenwood?
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