Cohen MacInnis, REALTOR®

 Royal LePage Atlantic | Halifax Real Estate

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91-93 Ochterloney Street in Dartmouth: 10-Dartmouth Downtown To Burnside Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202126044

91-93 Ochterloney Street Dartmouth B2Y 1C6 : 10-Dartmouth Downtown To Burnside

Welcome to 91/93 Ochterloney
$1,550,000
Prop. Type:
Multi-Family
MLS® Num:
202126044
Status:
Active
Welcome to 91/93 Ochterloney in the Heart of Downtown Dartmouth! Attention investors and developers, here is a prime opportunity to own a 5200 sq ft corner lot in the downtown core. This property has development potential to add onto the existing (up to 12 units), subdivide the property, or add this to your portfolio to make a future larger scale development (all to be confirmed by buyer). This property currently has four spacious 2 bedroom units all of which feature insuite laundry and ductless heat pumps. Carpet free units, updated kitchen and bathrooms, and the prime location makes this property effortless to find amazing tenants as you are steps away from amazing restaurants, the ferry to Halifax, the marina, and the waterfront. This property also has a large backyard/lot which is currently being used as parking for 9 vehicles. The current revenue is $77,700 per year. Please contact to receive the Net Income, Information on Development Opportunities, and all other documentation. A tremendous find for $1.55m!
Listing Sub-Area:
10-Dartmouth Downtown To Burnside
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Lot Details:
5200 sq ft
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
4
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Full, Undeveloped
Floor Finish:
Ceramic, Hardwood, Laminate
Roof:
Rolled
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Driveway:
Gravel, Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
2820
Sewer:
Municipal
Num Units:
4
Num 2 Bed Units:
4
# Of Dishwashers:
4
# Of Dryers:
4
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
4
Rental Income:
Yes, 77700
Approx. Net Income:
60528
Insurance Expense:
4500
Taxes Costs:
5007
Maintenace:
2000.0
Snow / Garbage Collection:
325
Electricity Bill:
2520
Approx. Total Expense:
17172
Air Conditioning
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship
Stove, Dishwasher, Dryer, Washer, Refrigerator
None
Deck
No
Zoning:
Downtown
Elementary School:
Bicentennial School
Middle School:
Bicentennial School
High School:
Dartmouth High School
Possession Info:
Negotiable
Listed by Ryan Banser and Sheila Banser of Royal LePage Atlantic
Data was last updated November 28, 2021 at 05:20 PM (UTC)
GAIL NAUGLER
COHEN MACINNIS