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
$989,900
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
Site Influences
Park, Playground, Public Transit, Shopping, Place of Worship
Amenities
Fireplace(s)
