Main Points Of Interest
For Sale
$949,900
Status
Active
Assessment
n/a
Age
n/a
Days Listed
131
List Date
January, 29th, 2025
MLS®#
202501832
Prop Type
5-8 Units
Zoning
DH-1
Lot Size
Lot Size M
1,620 sq ft
Acres
Under 0.5 Acres
Water
Municipal
Sewer
Municipal

This is an excellent opportunity to invest in the most sought after location in halifax, either as an owner occupied or pure investment. This 3 storey walk-up features 5 character filled one bedroom apartments, each with their own charm. The units are below current market rents. For the first time investor this is the perfect place, an exceptional location, the ability to put your own stamp on the building, manage a simple building all while having the option to live in a really cool apartment. Two of the leases are year to year, 2 are a term lease. The last has just given noticed and will be switched to a term lease as well. For the savvy investor the finances have upside as tenants turn over, while the location will always be a pure blue chip part of your portfolio. A couple of things to know, there is no parking, the income is approximated based on the current unit being occupied, the expenses are based on 2023 actuals. The units generally show well and the tenants are excellent. The building is approximately 155 years old- so think charming, cool floors, nice trim and lots of character and the maintenance that goes with it. This is an absolute must see for investors in halifax.


Dwelling Details
Num Stories
3
Commercial Space
No
Year Built (approx)
0
Heating
Baseboard,Hot Water,Radiator
Fuel Type
Natural Gas
Foundation
Stone
Basement
Full,Partially Developed
Exterior
Aluminium Siding,Wood Siding
Dimensions
Irregular
Roof
Asphalt Shingle
Flooring
Carpet,Hardwood,Laminate,Linoleum
Rental Equip
None
Land Details
Migrated
Yes
Approx Num Acres
0
Title To Land
Freehold
PID#
00092882
Community Feat
Public Transit,Shopping,Place of Worship
County
Halifax
Postal Code
B3J 1B3
Directions
Barrington Street To Morris Street.
Parking/Garage Details
Garage
No
Garage Details
Driveway
None
Parking Y/N
No
RENTAL UNITS & APPLIANCES
Bach Units
0
1 Bedrm Units
5
2 Bedrm Units
0
3 Bedrm Units
0
4 Bedrm Units
0
Units Occupied
4
Stoves
5
Fridges
5
Dishwashers
0
Microwaves
0
Washers
1
Dryers
1
Jerry Lynds Halifax real estate agent Wouldn't it be nice to have an agent that tells you the bad stuff about properties and not just the good selling points? If so, contact Jerry!

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Other Details
Original Price
$999,900 (since reduced $50,000)
Last Price Change
March, 27th, 2025
Inclusions
Exclusions
PCDS
No
Possession
Negotiable
MLS® Area
Halifax - Dartmouth: 2-Halifax South
Listing Office
Royal Lepage Atlantic
FINANCIALS
income
Rental Income
Laundry Income
Other Income
Gross Income7200072000
EXPENSES
Insurance4000
Heating8386.30
Management5200
Maintenance
Electricity850
Taxes10939
Water/Sewage2600
Snow/Garbage
Other Costs6400
Total Expenses3837538375
Summary
Net Income33624.70
Lat/Lng:
44.641796, -63.570435
Local ammenities go here
MUNICIPAL INFORMATION
SCHOOL INFO (Select Data Source)

GRADE
PROGRAM
SCHOOL
PR-6
Elementary French Immersion
LeMarchant-St. Thomas
PR-6
Elementary English Program
Saint Mary's
7-9
Jr Hi Early French Immersion
Gorsebrook
7-9
Jr Hi English Program
Gorsebrook
10-12
Sr Hi English Program
Citadel High School
10-12
Sr Hi Early French Immersion
Citadel High School

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