For Sale · Multifamily

2 Hilltop Terrace, Dartmouth

2 Hilltop Terrace, Dartmouth, NS B2Y3T1

$624,900 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

91%

Year Built

1956

Lot Size

0.1423 ac

About this property

Welcome to 2 Hilltop Terrace, Dartmouth, a beautifully renovated home offering exceptional style, comfort, and versatility with a fully updated upper level and a completely renovated secondary suite. The upper unit has been taken back to the studs and thoughtfully redesigned from floor to ceiling. Enjoy a stunning new kitchen featuring modern cabinetry, quartz countertops, and brand-new appliances, along with a luxurious bathroom showcasing custom tile work, a custom shower, and all-new fixtures. The inviting living room is highlighted by a striking floor-to-ceiling stone fireplace, while new flooring and a new exterior door complete the fresh, contemporary feel throughout. The fully renovated lower-level secondary suite has also undergone a complete transformation, offering a brand-new kitchen, new flooring and tile throughout, and the added comfort of its own heat pumpmaking it ideal for extended family, guests, or rental income. Major updates extend throughout the entire property, including a new ducted heat pump (2025) for efficient year-round comfort. Outside, you'll find a freshly paved driveway, a beautifully redesigned backyard, brand-new fencing and decks, a custom outdoor bar finished with cedar shake, and a relaxing hot tub, creating the perfect space for entertaining or unwinding. With extensive upgrades inside and out, 2 Hilltop Terrace is a true turnkey property offering modern finishes, functional living, and incredible value in a desirable Dartmouth neighbourhood. (id:66811)

Financial sandbox

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Estimate
Purchase price$625K
Down payment30% · $187K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$28K

Annual cash flow

$-6K

Cash-on-cash

-3.34%

DSCR

0.82

Going-in cap

4.54%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

125,115

Households

44,771

Median income

$72,000

Median age

41.9

Daytime population

153,380

5-yr growth

6.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2 Hilltop Terrace, Dartmouth.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.