Main Points Of Interest
For Sale
$1,199,000
Status
Active
Assessment
n/a
Age
58
Days Listed
111
List Date
February, 27th, 2025
MLS®#
202503730
Prop Type
Fourplex
Zoning
ER_2
Lot Size
Lot Size M
3,135 sq ft
Acres
Under 0.5 Acres
Legal Desc
LOT 120
Water
Municipal
Sewer
Municipal

Exceptional investment opportunity awaits at 5571 north street. This well-maintained multi-unit is priced below recently appraised value, featuring four spacious two-bedroom units, each with in-suite laundry, fully occupied, all on fixed-term leases, ensuring reliable and consistent rental income. Recent upgrades (since 2019) include modernized kitchens with updated appliances, new flooring, wiring, drywall, and paint, along with four brand-new bathrooms, new washers, dryers, and water tanks for each unit, plus updated windows to improve energy efficiency, and the roof (2024). Situated in a high-demand location, this property is a prime addition to any investment portfolio, offering both immediate returns and long-term growth potential. Zoned er-2, it also provides the opportunity to expand by adding one or two additional units in the basement. Don't miss out on this turn-key investment!


Dwelling Details
Year Built (approx)
1967
Heating
Baseboard
Fuel Type
Electric
Foundation
Stone
Basement
Full,Walkout
Exterior
Vinyl
Dimensions
62x28
Roof
Tar/Gravel
Flooring
Ceramic,Laminate,Vinyl
Appliances
Stove,Dishwasher,Dryer,Washer,Refrigerator
Rental Equip
None
Land Details
Migrated
Yes
Approx Num Acres
0
Title To Land
Freehold
PID#
00168450
Community Feat
Public Transit,Shopping,Place of Worship
County
Halifax
Postal Code
B3K 1N1
Directions
Robie St To North St
Parking/Garage Details
Garage
No
Garage Details
Driveway
Paved
Parking Y/N
Yes
Parking Details
(Paved)
RENTAL UNITS & APPLIANCES
Bach Units
0
1 Bedrm Units
0
2 Bedrm Units
4
3 Bedrm Units
0
4 Bedrm Units
0
Units Occupied
4
Stoves
4
Fridges
4
Dishwashers
4
Microwaves
0
Washers
4
Dryers
4
Jerry Lynds Halifax real estate agent Want to view this property with no pressure or hassles? Jerry can make all the arrangements for this, or as many properties that catch your eye!

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Other Details
Original Price
$1,199,000 (unchanged)
Last Price Change
February, 27th, 2025
Inclusions
Exclusions
Tenants Belongings
PCDS
No
Possession
Negotiable
MLS® Area
Halifax - Dartmouth: 1-Halifax Central
Listing Office
Royal Lepage Atlantic
FINANCIALS
income
Rental Income86046
Laundry Income
Other Income
Gross Income8604686046
EXPENSES
Insurance3682
Heating
Management
Maintenance
Electricity
Taxes6600.08
Water/Sewage1765
Snow/Garbage
Other Costs
Total Expenses12047.0812047.08
Summary
Net Income73998.92
Lat/Lng:
44.656437, -63.592587
Local ammenities go here
MUNICIPAL INFORMATION
SCHOOL INFO (Select Data Source)

GRADE
PROGRAM
SCHOOL
PR-6
Elementary French Immersion
St. Joseph's-Alexander McKay
PR-6
Elementary English Program
St. Joseph's-Alexander McKay
PP-PP
Elementary English Program
St. Joseph's-Alexander McKay
7-9
Jr Hi Early French Immersion
Oxford
7-9
Jr Hi English Program
Highland Park
10-12
Sr Hi English Program
Citadel High School
10-12
Sr Hi Early French Immersion
Citadel High School

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