Address
5571 Fenwick Street, Halifax Peninsula, NS
Price
$ 929,900
Property Attributes
- ID#202602006
- Type
- Listing Status Active
- MunicipalityHalifax Peninsula
- CityHalifax Peninsula
- AreaHalifax Peninsula
- NeighbourhoodHalifax Peninsula
- Postal CodeB3H 1R1
- Style
- Price$ 929,900
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Lot Size0.0534 Acres
Data Source:
Canadian Real Estate Association (CREA)
Property Description
Excellent opportunity to acquire a fully rented triplex in the heart of downtown Halifax, one of the citys strongest and most consistent rental markets with CEN-2 Zoning. The property offers three self-contained units, including two 2-bedroom units and one 1-bedroom unit, all currently rented on fixed-term leases, providing immediate and reliable income. Each unit offers a functional layout, good natural light, and a comfortable blend of character and modern updates. The building generates approximately $66,600 in annual rental income, with tenants paying their own heat and electricity, contributing to efficient operating costs. The current owner has invested approximately $100,000 in recent upgrades, significantly reducing future capital requirements. Improvements include all new electrical, conversion to electric heating, plumbing upgrades, in-unit washers and dryers in all units, new water heaters, bathroom upgrades, flooring upgrades, and a dishwasher added to the main-floor unit. Well-located within walking distance of universities, hospitals, transit, shopping, and downtown amenities, this property offers strong tenant demand and long-term investment stability. A turnkey asset ideal for investors seeking solid income in a proven location. (id:7434)
General Features
| Community Features | Recreational Facilities, School Bus |
|---|---|
| Property Type | Multi-family |
| CommunityName | Halifax Peninsula |
| Amenities | Park, Playground, Public Transit, Shopping, Place of Worship |
| Building Amenities | Fireplace(s) |
| Building Appliances | Stove, Dishwasher, Washer/Dryer Combo, Refrigerator |
| Location Description | South Park St. to Fenwick St., or Queen St. to Fenwick St. |
| Foundation Type | Concrete Perimeter |
| Building Type | Triplex |
| Ownership Type | Freehold |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Baseboard heaters |
| Building Heating Fuel | Electric |
| Flooring Type | Ceramic Tile, Laminate, Linoleum, Wood, Vinyl Plank |
Exterior Features
| Land Amenities | Park, Playground, Public Transit, Shopping, Place of Worship |
|---|---|
| Sewer | Municipal sewage system |
| Exterior Finish | Wood shingles |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Average in B3H 1R1
Price
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