An income property opportunity is offered with a multitude of upgrades at 5 & 5A Marilyn Drive in Dartmouth. This side-by-side duplex is delivered completely vacant, allowing a buyer to immediately set 2026 market rents. Prior to recent renovations, the units generated rents of $2,400 and $2,600 per month, with tenants paying their own utility bills, currently reflecting a 7% cap rate. Operating expenses consist of approximately $2,600 per year for taxes and $3800 for insurance and maintenance. Power, heat, and water are separately metered for both units, minimizing landlord utility obligations. Each unit provides a 3-bedroom, 1.5-bathroom layout with a partially finished basement and a paved driveway accommodating two cars. In 2026 the extensive upgrades in both units included the electrical systems with new breaker panels, GFI plugs, switches, outlets and modern light fixtures. A new chimney was built from the ground up in 2026. New luxury vinyl plank flooring across all three levels in both units was added in 2026. Both units were freshly painted with designer colors throughout and fresh paint on the four exterior entrances was also added in 2026. The main and upper levels have vinyl windows, four of which are new as of 2026. The roof is 12 years old. Outside features include one fully fenced yard, one partially fenced yard, a storage shed for 5A. This property is located on a very quiet street, close to the fast developing and bustling Downtown Dartmouth core. To add even more value, the property has ER-3 zoning and the potential to be subdivided into two separate lots/two separate units. (Buyer to confirm with HRM). See Features Sheet for full list of upgrades. (id:4069)
Address
5/5A Marilyn Drive
List Price
$724,900
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Nova Scotia
Sub-Area
Dartmouth
Lot Size
0.1451 Sq. Ft.
Year Built
1971
MLS® Number
202618896
Listing Brokerage
RE/MAX Nova (Halifax)
| RE/MAX Nova
Basement Area
Full (Partially finished)
Postal Code
B2Y3W9
Ownership
Freehold
Site Influences
Park, Public Transit, Shopping, Place of Worship
Appliances
Range - Electric, Dryer - Electric, Washer, Refrigerator
Heat Source
Oil
Heat Type
Forced air
Foundation Details
Concrete Perimeter
Other Structures
Shed
Water Source
Municipal water
Sewer
Municipal sewage system
Open Houses
- August 02, 2:00 PM - 4:00 PM
