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:4069)
Address
5571 Fenwick Street
List Price
$949,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Nova Scotia
Sub-Area
Halifax Peninsula
Lot Size
0.0534 Sq. Ft.
MLS® Number
202602006
Listing Brokerage
One Percent Realty East Inc.
Postal Code
B3H1R1
Ownership
Freehold
Site Influences
Park, Playground, Public Transit, Shopping, Place of Worship
Community Features
Recreational Facilities, School Bus
Appliances
Stove, Dishwasher, Washer/Dryer Combo, Refrigerator
Amenities
Fireplace(s)
Heat Source
Electric
Heat Type
Baseboard heaters
Foundation Details
Concrete Perimeter
Water Source
Municipal water
Sewer
Municipal sewage system
