24 Joffre Street SE, Dartmouth, Nova Scotia

About This Property

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.