Investor opportunity or live in one unit and rent the other as the basement will be vacant mid-August! This 2-unit bungalow is located in the heart of Fairview and has a capitalization rate of 5.6%. The upper unit features 2 bedrooms, 1 bathroom, electric baseboard heating, and a ductless heat pump. The tenant currently pays $1,375/month + NSP on a fixed-term lease until September 30, 2026. The lower unit offers 1 bedroom, 1 bathroom, and was fully renovated in 2019. It also includes electric baseboard heating and a ductless heat pump. The tenant currently pays $1,400/month + NSP on a fixed-term lease until August 31, 2026. There's enough parking for two cars, one for each unit. With its prime Fairview location, this property offers strong rental appeal and consistent demand, making it easy to fill vacancies when they arise. Total rental income is $33,300. Property taxes for 2026 are $3,037.28. Current annual insurance cost is $1,951.92. Last year's water bill expense was only $663.39. Current NOI is $27,647.41. (id:4069)
Address
116 Coronation Avenue
List Price
$489,900
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Nova Scotia
Sub-Area
Halifax
Lot Size
0.1374 Ac.
Year Built
1960
MLS® Number
202619259
Listing Brokerage
Exit Realty Metro
Basement Area
Full
Postal Code
B3N2N1
Ownership
Freehold
Heat Source
Electric
Heat Type
Baseboard heaters, Heat Pump, Ductless
Foundation Details
Concrete Perimeter
Water Source
Municipal water
Sewer
Municipal sewage system
