Main Points Of Interest
For Sale
$2,499,000
Status
Active
Assessment
$572,700 (2012)
Age
142
Days Listed
503
List Date
December, 13th, 2022
MLS®#
202227429
Prop Type
Fourplex
Zoning
HCD-SV
Lot Size
Lot Size M
4,400 sq ft
Acres
Under 0.5 Acres
Water
Municipal
Sewer
Municipal

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.


Dwelling Details
Commercial Space
No
Year Built (approx)
1880
Heating
Baseboard,Hot Water,In Floor
Fuel Type
Natural Gas
Foundation
Block,Concrete,Slab
Basement
Fully Developed
Exterior
Wood Shingles
Dimensions
38x42
Roof
Asphalt Shingle,Tar/Gravel
Flooring
Ceramic,Hardwood,Tile
Appliances
Dishwasher,Washer/Dryer Combo,Refrigerator
Building Feat
Balcony,Dining Room,Ensuite Bath,Family Room,Fireplace(s),Laundry,Main Flr Fam Rm,Multi-Use Rooms,Se
Rental Equip
None
Land Details
Migrated
Yes
Approx Num Acres
0
Title To Land
Freehold
Restrictive Covs
Pending
PID#
00093658
Community Feat
Park,Public Transit,Recreation Center,School Bus Service,Shopping,Place of Worship
County
Halifax
Postal Code
B3J 2H4
Directions
Spring Garden Road To Queen Street South
Parking/Garage Details
Garage
No
Garage Details
Driveway
Gravel,Parking Spaces(s),Shared
Parking Y/N
Yes
Parking Details
(4 cars)
RENTAL UNITS & APPLIANCES
Bach Units
0
1 Bedrm Units
2
2 Bedrm Units
0
3 Bedrm Units
0
4 Bedrm Units
2
Units Occupied
4
Stoves
4
Fridges
4
Dishwashers
4
Microwaves
0
Washers
6
Dryers
6
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Other Details
Original Price
$2,595,000 (since reduced $96,000)
Last Price Change
February, 6th, 2024
Inclusions
All Appliances
Exclusions
Personal & Tenants Belongings
PCDS
Yes
Possession
Negotiable
Docs On File
Blueprint,Financial Statements,Floor Plan
Rent Control
Yes
MLS® Area
Halifax - Dartmouth: 2-Halifax South
Listing Office
Re/max Nova (halifax)
FINANCIALS
income
Rental Income157,260/year
Laundry Income
Other Income
Gross Income157,260/year157,260/year
EXPENSES
Insurance$4000
HeatingGas $7000
Management
Maintenance
ElectricityTenants pay power
Taxes$10,154
Water/Sewage
Snow/Garbage
Other Costs
Total Expenses$22,826$22,826
Summary
Net Income$134,079
Lat/Lng:
44.640503, -63.574806
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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