36 Wentworth St - Apartments FOR SALE


Dartmouth, NS B2Y 2S8
$10,625,045 CAD
902-454-4110

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$10,625,045 CAD
Apartments - FOR SALE
null | Request Cap Rate

36 Wentworth St
Dartmouth, NS B2Y 2S8


HIGHLIGHTS

  • Walkable Location in Downtown Dartmouth
  • Fully-Leased Mutlifamily Investment
  • 2 Retail Spaces on Lower Level
  • New Finishes and Exterior Facade
  • Newly Renovated Units

OVERVIEW

On behalf of the owner, Avison Young is pleased to offer for sale Tel Lofts, a 26 unit multi-residential building located at 36 Wentworth Street in the heart of Downtown Dartmouth. This offering provides an exceptional investment opportunity as an award-winning, boutique rental building in an desirable area with strong demand for rental units. Originally a telecom storage site, Tel Lofts has been reimagined by the vendor with a 70 foot addition, bringing the total property size to 34,918 sf, housing 24 residential suites, two short term guest suites, and two commercial units totalling 2,014 sf, currently rented as one to Solace Salon. Its location on Wentworth Street sets the property in the middle of the vibrant downtown core, steps away from a number of thriving local businesses, including award winning restaurants, breweries, local boutiques, that contribute to the unqiue fabric of the community. With its sought-after location and history-steeped architecture, Tel Lofts is a one of a kind opportunity for investors looking to break into the market with a boutique offering or a seasoned purchaser looking to add a unique building to their portfolio

FOR SALE DETAILS

PRICE

$10,625,045 CAD

PRICE/SF

$304 CAD /SF

# OF UNITS

26

PRICE/UNIT

$408,656

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tel Lofts

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

DD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael BrownAvison YoungMore Info
902-454-4110

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Michael BrownAvison YoungMore Info
902-454-4110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.