Attention investors, this amazing income property is in the heart of Halifax, located in the famous Schmidtville Heritage. Literally only a minute's walk to the finest shopping, the best restaurants, bars and entertainment Halifax has to offer. Also walking distance to all the hospitals and universities. This beautiful grand home was completely renovated in 2019, adding a full 3rd story and a decked out rooftop patio, keeping the classic grand charm of yesteryear. A perfect home to entertain inside and out Main 3500++ sq/ft house is now rented until April 2024 for $7100 per month. All units have parking around back with a sweet private backyard for Unit 1. There are many different uses permitted for this building. This property consists of two, 1 bedroom suites & two 4 bedroom suites. This would be an amazing family home with income starting next year or an even better investment for your future. Net Income is $134,079. There are so many great features with this building. Reach out for more details.
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
38x42
Lot Size:
4,356 sq. ft.404.686 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
4
Year built:
1880
(Age: 143)
Age:
142
Exterior Finish:
Wood Shingles
Foundation:
Block, Concrete, Slab
Basement:
Fully Developed
Floor Finish:
Ceramic, Hardwood, Tile
Roof:
Asphalt Shingle, Tar/Gravel
Heating:
Baseboard, Hot Water, In Floor
Fuel:
Natural Gas
Parking:
Yes
Parking Description:
4 cars
Driveway:
Gravel, Parking Spaces(s), Shared
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
4
Num 1 Bed Units:
2
Num 4 Bed Units:
2
# Of Dishwashers:
4
# Of Dryers:
6
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
6
Rental Income:
Yes, 157,260/year
Approx. Net Income:
$134,079
Insurance Expense:
$4000
Taxes Costs:
$10,154
Heating Bill:
Gas $7000
Electricity Bill:
Tenants pay power
Approx. Total Expense:
$22,826
Approx. Total Income:
157,260/year
Balcony, Dining Room, Ensuite Bath, Family Room, Fireplace(s), Laundry, Main Flr Fam Rm, Multi-Use Rooms, Secondary Suite
All appliances
personal & tenants belongings
Park, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
Listed by Candice Blaney of RE/MAX Nova (Halifax)
and Paul MacNeil of RE/MAX Nova
Data was last updated March 31, 2023 at 01:20 PM (UTC)
Area Statistics
Listings on market:
49
Avg list price:
$785,000
Min list price:
$134,900
Max list price:
$3,400,000
Avg days on market:
43
Min days on market:
1
Max days on market:
297
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.