38 Victoria Road — Dartmouth, Nova Scotia

Welcome to 38 Victoria Road in Downtown Dartmouth! Here is a rare opportunity to acquire a centrally located four unit investment property on a large 7800 square foot lot. The building consists of four two bedroom one bathroom units that offer bright living spaces and functional layouts. Recent improvements include new electrical panels, electric heating, brand new decks, and modernized kitchens with stainless steel appliances, while three of the four units feature hardwood flooring. Under the Centre Plan, the sizable ER2 zoned lot may offer potential for additional units through a rear addition, buyer to confirm with the municipality. All units are currently leased on fixed term agreements at market rents, allowing the property to generate immediate cash flow while maintaining long term upside. The highly desirable location combined with the upgrades has created a strong tenant profile and has resulted in zero vacancies since the current owner purchased. This property presents an excellent opportunity for investors looking for stable income today with the possibility of future expansion. (id:63357)