59, 61-63 Caledonia Road, Dartmouth, NS, B2X 1K9

Property Information:

Multi-Residential Investment Opportunity. The portfolio includes three buildings; a twelve unit, eight unit and one single-family home, for a total of 21 units across the portfolio. The property is zoned Multi-family Residential Zone – Medium Density (R-3), permitting a variety of residential uses including single-family use, semi-detached or duplex dwelling use, townhouse use and apartment use. The property is located on the eastern side of Caledonia Road in the Dartmouth East community, just off the main thoroughfare of Main Street, offering excellent local and regional accessibility and in close proximity to major transportation routes and 100-series highways. This area is near an array of amenities in the Downtown Dartmouth area as well as within roughly 6.5 km of the Dartmouth General Hospital, 1.2 km of NSCC Akerley, and retail and commercial amenities in Mic Mac Mall and Dartmouth Crossing. The immediate area has been built-up with strong demand for single family and apartment units. CMHC’s 2023 Rental Market Report saw Dartmouth’s overall vacancy rate drop from 1.6% in 2022 to 1.4%, while the average rent increased 10.78% to $1,295.00 with the average rent for a 2 bedroom unit coming in at $1,386.00. For more information VISIT the REALTOR's WEBSITE.