Property Features
- 255 professionally managed units across 12 buildings are suitable for a wide range of investors: from family offices to seasoned private and public real estate investors and developers.
- Have the best of both worlds with potential development of one or more of the subject properties, while realizing steady income from these fully leased and well-maintained properties.
- This opportunity has exceptional near and long term-value.
- Potential for redevelopment of some of the subject properties; development density of 222,392 sf.
- Sustainable income stream with significant opportunity for annual rent escalations.
- Fully leased; historical 100% occupancy rate with wait lists.
- Average rent across the portfolio is ~$1,043. Actual market rent averages $1,680, providing exceptional long-term value and immediate gains.
- This portfolio is offered for sale via bid process (October 11, 2024). Prospective purchasers are encouraged to return the attached Confidentiality Agreement. Access will then be provided to the Data Room where bid submission guidelines are available.
Location
An exclusive investment portfolio, offering a range of residential properties clustered in the West End of Halifax and Dartmouth. Located in Halifax Regional Municipality, one of Atlantic Canada’s fastest growing areas and a key hub for commerce, education, and culture. Convenient access to Highway 102, Highway 111, the MacKay and Macdonald Bridges ensures quick connections across Halifax, Dartmouth, and HRM. Residents benefit from close proximity to schools, shopping centres, parks, healthcare facilities, and a variety of recreational venues, ensuring a convenient lifestyle for families and professionals alike.
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