About this home

Exceptional opportunity at 24 Joffre Street in Dartmouth ideal for investors, owner-occupiers, or families seeking flexibility and space. Set on a large 8,600 sq. ft. lot, this property offers two vacant units at closing, both with separate driveways, separate electrical services, and in-unit laundry. The upper unit (24 1/2 Joffre) is a bright 2-bedroom apartment added in 2005 with its own 125-amp service. The main unit (24 Joffre) offers 2 bedrooms plus den, with a partially finished basement including a rec room, additional bedroom (non-egress), laundry, and garage, serviced by 100 amps. Enjoy a large backyard perfect for outdoor living, entertaining, or family use. Located in a sought-after area just minutes from downtown Dartmouth, public transit, schools, shopping, and everyday amenities, and close to Oathill Lake, Maynards Lake, and Lake Banook. The layout of this home offers a clear opportunity to create a third unit in the basement and with ER-3 zoning, the property also offers strong future potential for up to 8-unit development (subject to approval). Projected rental income is approximately $2,200/month for Unit 1 (top floor) and $2,600/month for Unit 2 (main/basement), generating estimated gross annual income of $57,600. With tenants paying their own electrical meters, estimated annual expenses include water ($1,212), oil heat ($6,174), and property taxes ($3,397), resulting in an estimated annual net operating income of approximately $46,817. Additional upside exists through the installation of electric baseboards or heat pumps, allowing tenants to assume heating costs and increasing the estimated NOI to approximately $52,991 annually. With strong rental potential, flexible layout, and a prime location near lakes, parks, and city conveniences, this is a rare opportunity in one of Dartmouth's most desirable areas. (id:63626)

Listed by: Jonathan Hoskin, Royal LePage Atlantic (Dartmouth)

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Home facts and features

Price details

List Price

$734,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Garage, Paved Yard, Attached Garage

Property Type

House

Lot Size

8598 ft²

Depth

Year Built

Built in 1950 (76 yrs old)

Title

Freehold

Style

2 Level

Exterior Finish

Vinyl

Heating Type

Forced air

Amenities

32in min Doorways, 32in min Entry Doorways, 5ft min Kitchen Turning Radius, Entry threshold less than ½ inch

Appliances

Dishwasher, Dryer, Freezer, Oven - Electric, Washer

Agent details

Primary Agent

Jonathan Hoskin

Primary Broker

Royal LePage Atlantic (Dartmouth)

Listing details

Days on REW

44 Days

MLS® Number

202608891

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 166km

Marshview Middle School

n/a
5 - 8
In Catchment

Salem Elementary School

n/a
K - 4
In Catchment

Sackville Christian Academy

n/a
K - 12
In Catchment

Riverside Consolidated School

n/a
K - 5
In Catchment

Tantramar Regional High School

n/a
9 - 12
In Catchment

Dorchester Consolidated School

n/a
K - 8
In Catchment

Port Elgin Regional School

n/a
K - 8
In Catchment

Caledonia Regional High School

n/a
6 - 12
In Catchment

Hillsborough Elementary School

n/a
K - 5
In Catchment

École Abbey-Landry

n/a
K - 8
In Catchment

24 Joffre Street SEDartmouth, NS, B2Y 3C8