Prime 5-unit investment property in downtown halifax. Located in the heart of the highly sought-after south end of halifax, this exceptional 5-unit building on queen street presents a rare investment opportunity. Just minutes from major hospitals, both dalhousie and saint mary's universities, and the vibrant halifax waterfront, the location is second to none. This 8 bedroom, 5 bathroom, three-level building offers a mix of thoughtfully laid-out units—ranging from bachelor suites to three-bedroom apartments—most with private balconies and excellent natural light. Currently generating $7,208 in monthly rental income, all units are fully leased, with a strong history of low vacancy and reliable quality tenants. Investors will appreciate the strong rental demand and premium market rents this property commands. A key upgrade includes the installation of a natural gas boiler system, contribute to lower operating costs and improved energy efficiency. Whether you're expanding your portfolio or seeking a solid income-generating asset in one of halifax's most desirable neighborhoods, this property checks all the boxes.
Dwelling Details
Commercial Space
No
Year Built (approx)
0
Heating
Baseboard
Fuel Type
Natural Gas
Foundation
Stone
Basement
Crawl Space,Full
Exterior
Vinyl
Dimensions
20x20
Roof
Tar/Gravel
Flooring
Hardwood,Laminate,Tile
Appliances
Stove,Dryer,Washer/Dryer Combo,Refrigerator
Building Feat
Balcony,Laundry
Rental Equip
None
Land Details
Migrated
Yes
Approx Num Acres
0
Title To Land
Freehold
PID#
00102657
Community Feat
Park,Playground,Public Transit,Recreation Center,School Bus Service,Shopping,Marina,Place of Worship
County
Halifax
Postal Code
B3H 2S3
Directions
From Spring Garden Rd Turn Down Queen St, Building On The Right After South & Queen Intersection
Parking/Garage Details
Garage
No
Garage Details
Driveway
None
Parking Y/N
n/a
RENTAL UNITS & APPLIANCES
Bach Units
2
1 Bedrm Units
1
2 Bedrm Units
1
3 Bedrm Units
1
4 Bedrm Units
0
Units Occupied
5
Stoves
5
Fridges
5
Dishwashers
0
Microwaves
0
Washers
1
Dryers
1
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$86503