Are you looking for a positive cash flow investment in one of the fastest growing areas in HRM? Look no further! Impeccable 6 fully furnished, beautifully presented with an open concept designed units (total of 5 - 2 bdms and 1 studio) self contained apartments with its own access and multi parking spaces. Easily rentable. This property is located downtown Dartmouth and consists of 2 separate buildings. 2 story larger building offers stunning harbor views and features 4-2 bdm units. The second building has 1-2 bdm upper unit and a studio in the lower level. There is a large locker area for a storage and supplies. This property is zoned ER-3 and DD allowing for the further development. The property is partially fenced but the land extends further and includes part of the Tim Horton's drive-through (easement and the survey is available).
Listing Sub-Area:
10-Dartmouth Downtown to Burnsid
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
23 x 50 plus 27 x 25
Outside Dimenions:
23 x 50 plus 27 x 25
Lot Size:
0.528 acre(s)0.21 hectare(s)
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
6
Age:
1940
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
None
Floor Finish:
Hardwood, Laminate, Tile
Roof:
Asphalt Shingle
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Garage Description:
None
Parking:
Yes
Parking Description:
Available on the property.
Driveway:
Gravel, Parking Spaces(s), Single
Water Supply:
Municipal
Water And Sewage:
2,400.00
Sewer:
Municipal
Num Units:
6
Num Bachelor Units:
1
Num 1 Bed Units:
0
Num 2 Bed Units:
5
Num 3 Bed Units:
0
Num 4 Bed Units:
0
# Of Dishwashers:
5
# Of Dryers:
6
# Of Fridges:
6
# Of Microwaves:
6
# Of Stoves:
6
# Of Washers:
6
Rental Income:
Yes, 167847
Approx. Net Income:
12,4142.00
Insurance Expense:
7,680.00
Taxes Costs:
11,257.50
Heating Bill:
22,367.40
Electricity Bill:
including in Heating
Approx. Total Expense:
43,705.00
Approx. Total Income:
167847
Balcony, Dining Room, Family Room, Laundry, Locker, Secondary Suite, Storage
All furniture and appliances in 6 units
Some personal art (list will be provided)
Golf Course, Park, Playground, Public Transit, Recreation Center, Shopping, Marina, Place of Worship, Beach
Data was last updated January 2, 2025 at 01:20 PM (UTC)
Area Statistics
Listings on market:
47
Avg list price:
$1,049,900
Min list price:
$389,900
Max list price:
$7,500,000
Avg days on market:
55
Min days on market:
15
Max days on market:
679
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.