Hwy 111 to Portland st to Joffre st, or Hwy 111 to Prince Albert Rd to Sinclair St to Joffre st. 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:27476)
