Welcome to 38 Victoria Road in Downtown Dartmouth! Here is a rare opportunity to acquire a centrally located four unit investment property on a large 7800 square foot lot. The building consists of four two bedroom one bathroom units that offer bright living spaces and functional layouts. Recent improvements include new electrical panels, electric heating, brand new decks, and modernized kitchens with stainless steel appliances, while three of the four units feature hardwood flooring. Under the Centre Plan, the sizable ER2 zoned lot may offer potential for additional units through a rear addition, buyer to confirm with the municipality. All units are currently leased on fixed term agreements at market rents, allowing the property to generate immediate cash flow while maintaining long term upside. The highly desirable location combined with the upgrades has created a strong tenant profile and has resulted in zero vacancies since the current owner purchased. This property presents an excellent opportunity for investors looking for stable income today with the possibility of future expansion.
Ochterloney to Victoria Road
Listing Sub-Area:
10-Dartmouth Downtown to Burnside
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
61x24'4
Lot Size:
7,802 sq. ft.725 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
4
Year built:
1901
(Age: 125)
Age:
125
Exterior Finish:
Vinyl
Foundation:
Block, Concrete, Stone
Basement:
Crawl Space
Floor Finish:
Carpet, Ceramic, Hardwood, Linoleum, Porcelain
Roof:
Rolled
Heating:
Baseboard
Fuel:
Electric
Driveway:
Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
1775.2
Sewer:
Municipal
Num Units:
4
Num 2 Bed Units:
4
# Of Dishwashers:
4
# Of Dryers:
4
# Of Fridges:
4
# Of Microwaves:
0
# Of Stoves:
4
# Of Washers:
4
Rental Income:
Yes, 80652
Approx. Net Income:
63720.08
Insurance Expense:
5092
Taxes Costs:
6903
Heating Bill:
see electricity bill
Electricity Bill:
3161.72
Approx. Total Expense:
16931.92
Approx. Total Income:
80652
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship
Data was last updated March 12, 2026 at 03:20 PM (UTC)
Area Statistics
Listings on market:
80
Avg list price:
$922,000
Min list price:
$275,000
Max list price:
$7,675,000
Avg days on market:
49
Min days on market:
2
Max days on market:
511
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
