1061 Wellington Street (MLS® 202124307)

Halifax, NS, B3H 3A1

Summary

MLS ®:
 202124307
Price:
 $2,900,000
Status:
 Active
District:
 2
Zoning:
 HR-1
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 189424
Approx. Net Income:
 136841
Laundry Income:
 1450
Other Income:
 2400
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 52583
Maintenance Expense:
 1670
Snow & Garbage Expense:
 5068
Water & Sewage Expense:
 5468
Insurance Expense:
 5318
Tax Costs:
 18636
Electricity Bill:
 5835
Heating Bill:
 9488
Other Costs:
 1100
Expense Details:
Call 902-499-7886

Property Overview

1061 Wellington Street, Halifax (MLS® 202124307): Here is your opportunity to purchase a legal 8 unit building in the highly desirable South End! Fully leased, this building is currently configured as: 2 X 1BR, 2 X 2BR, 1 X 3BR, 3 X 4BR and a studio. The layout lends itself to an internal conversion given the two level units on floors 2 & 3 or future development options exist under new HR-1 Zoning (max height of 14 metres). Heated with natural gas the landlord also currently pays for electricity, however, it could be separately metered going forward for each unit. Other features include: 6 covered parking spots + 1 uncovered and common laundry room with owned equipment. The units are large, bright and the bedroom count is ideal! Solid long term investment with additional revenue opportunities. Assignable Phase 1 on file. Viewings by appointment - act now.

Listing Courtesy of: Red Door Realty

Building Specs.

Building Age:
56
Building Dimensions:
4 Storeys
Foundation Type:
Concrete
Roof Material:
Other
Exterior Finish:
Brick, Wood Siding
Flooring Type:
Ceramic, Hardwood, Laminate, Vinyl
Heating & Cooling:
Baseboard, Hot Water
Water:
Municipal
Sewage:
Municipal
Lot Size:
5740
Title:
Freehold

Garage & Parking

Garage:
Yes
Garage Details:
6 covered parking spots, not enclosed. 1 surface spot.
Parking:
6 covered, 1 surface.
Driveway/Parking:
Parking Spaces(s), Paved

Features

Apt Conforming, Laundry, See Remarks

Community Features

Park, Playground, Public Transit, Recreation Center, Shopping

Schools

Elem. School: Inglis Street Elementary School
Elem. School (French Imm.): LeMarchant-St.Thomas (Early)
Mid. School: Gorsebrook Junior High School
Mid. School (French Imm.): Gorsebrook Junior High
High School: Citadel High School
High School (French Imm.): Citadel High School

Inclusions

All appliances.

Rental Equipment

None

Map

Contact Agent