Exceptional Investment Opportunity in Halifax. 4 prime units in a prime location, situated within a mere 5-minute stroll from Halifax's finest shopping, gourmet restaurants, lively bars, and entertainment hotspots, this property offers unparalleled convenience and lifestyle. Moreover, its proximity to hospitals and esteemed universities enhances its desirability, ensuring top notch tenants. Lucrative Rental Income. With a prime location and premium amenities, it's no surprise that this property commands impressive rental rates. Currently leased until April 2025 for $7100 per month, the primary house alone contributes significantly to the substantial NET INCOME of $152,497. Additionally, the property features two 1-bedroom suites and a 4-bedroom suite, all offering attractive rents, further bolstering its profitability. Versatility and Potential. The beauty of this property lies in its versatility. With the flexibility to accommodate various uses, from a lucrative investment venture to a remarkable family home with supplementary income, the possibilities are endless. Whether you're an astute investor or a discerning homeowner, this property offers a lifestyle that goes along with it. Prepare to be captivated by the multitude of outstanding features this home and building possess.
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
38x42
Lot Size:
4,517.172 sq. ft.419.659 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
4
Year built:
1880
(Age: 144)
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
Data was last updated April 23, 2024 at 07:20 AM (UTC)
Area Statistics
Listings on market:
63
Avg list price:
$930,000
Min list price:
$239,900
Max list price:
$5,950,000
Avg days on market:
29
Min days on market:
4
Max days on market:
497
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.