Discover a unique investment opportunity in this charming 3-unit property at 287 Main st, perfect for real estate investors or first-time home buyers looking to offset their mortgage with rental income. This versatile property features a spacious 4-bedroom main house, ideal for family living or as a lucrative rental. The lower level in-law suite offers additional living space or can be utilized as a separate rental unit, ensuring maximum income potential. With tons of paved parking to accommodate tenants, this corner lot is perfect for multiple vehicles. Step outside to find a quaint 1 bedroom backyard unit presenting an excellent opportunity for additional rental income. This property was previously generating $7400/month between the rental spaces and garage. While it does require some TLC throughout the main house and backyard suite, this home's prime location on Main st in Dartmouth and multiple income-generating options make it a fantastic opportunity to create some sweat equity. Property can be fully vacant on closing, or the tenant in the backyard suite would be happy to stay for $1600/month, allowing you instant income right from Day 1. Don't miss your chance to invest in a property with endless possibilities for growth and income!
Main Street
Listing Sub-Area:
17-Woodlawn, Portland Estates, N
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
32x27+21x12
Lot Size:
7,148 sq. ft.664 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
3
Year built:
1953
(Age: 71)
Age:
71
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Ceramic, Laminate, Vinyl, Vinyl Plank
Roof:
Asphalt Shingle
Heating:
Baseboard, Forced Air
Fuel:
Electric, Oil
Garage Description:
Single attached garage
Driveway:
Paved
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
3
# Of Dishwashers:
1
# Of Dryers:
1
# Of Fridges:
3
# Of Stoves:
3
# Of Washers:
1
Rental Income:
Yes, 7400/month
Heating Bill:
9095/year
Approx. Total Income:
88,800/year
Secondary Suite
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship, Beach
Data was last updated December 28, 2024 at 07:20 AM (UTC)
Area Statistics
Listings on market:
55
Avg list price:
$899,900
Min list price:
$389,900
Max list price:
$7,500,000
Avg days on market:
57
Min days on market:
10
Max days on market:
674
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.