327 Portland Street, Dartmouth, NS (MLS® 202607637) Multi Family For Sale

327 Portland Street, Dartmouth, NS, B2Y 1K5
MLS® # 202607637


$2,950,000

327 Portland Street, Dartmouth, NS (MLS® 202607637): Prime 7-PID assembled development block in the heart of Dartmouth South on Portland and Maynard Streets. Sold as one complete package only. Core 5 lots (323-325 Portland St, 327 Portland St, vacant land between 327 & 331, 331 Portland St, and 10 Maynard St) are subject to SUBDIV-2024-00018 (currently in Applicant revisions). Bonus pair at 14 + 16 Maynard St are two adjacent 3300 sq ft parcels that could combine into one ~6,600 sq ft lot to maximize up to 8-unit ER-3 density. Six occupied units generate $117,750 gross annual rent ($9,812/month) with tenants paying their own utilities. At market rates for similar properties these units could reach ~$141,600/year. Renovating 331 Portland adds strong upside and could add up to $24,000/year as a single-family or $46,000/year as a duplex — bringing fully stabilized gross rent to ~$185,000 per year. Buyers can maintain cash flow from the core occupied buildings while redeveloping through these opportunities: combine 14 + 16 Maynard for maximum density, update the subdivision plan to current ER-3 specs to create additional lots/units, or maintain and expand existing buildings with new units. Prime location steps from Five Corners on the busy Portland Street rapid-transit corridor, walking distance to all levels of schools, NSCC Ivany Campus and Downtown Dartmouth. Zzap Feasibility Study, DesignPoint survey and full details on our website (www.portlandmaynard.ca). Serious investors and developers only.

Directions to 327 Portland Street, Dartmouth, NS (MLS® 202607637): Portland Street up from Five Corners

Listing Courtesy of: EXP Realty of Canada Inc.

Inclusions: All appliances

Exclusions: Tenant belongings


Virtual Tours of 327 Portland Street, Dartmouth, NS (MLS® 202607637)


Schools

TypeName
Elementary SchoolHawthorn Elementary School
Middle SchoolDartmouth South Academy
High SchoolDartmouth High School
Elementary School (Fr. Imm.)Shannon Park Elementary School
Middle School (Fr. Imm.)Dartmouth South Academy
High School (Fr. Imm.)Dartmouth High School

Demographics for 327 Portland Street, Dartmouth, NS (MLS® 202607637)

Census Year: 2016

12090168
  • Subdivision Name: Halifax
  • Population Count: 1,133
  • Private Dwellings Count: 621
  • Land Area: 0.23 Km2