1154-1156 Queen Street (MLS® 202322409)

Halifax Peninsula, NS, B3H 2S3

Summary

MLS ®:
 202322409
Price:
 $1,095,000
Status:
 Active
District:
 2
Zoning:
 ER-1
Property Type:
 Duplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 $74,400
Approx. Net Income:
 $60,186
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $14,213.25
Water & Sewage Expense:
 $865
Insurance Expense:
 $750
Tax Costs:
 $6,348
Electricity Bill:
 $1,500
Heating Bill:
 $4,750
Expense Details:
Call 902-499-7886

Property Overview

1154-1156 Queen Street, Halifax Peninsula (MLS® 202322409): Nestled in the heart of downtown Halifax, this stunning two-unit house on Queen Street offers a unique blend of modern elegance and a prime location. It presents a compelling opportunity for those seeking both an investment property and/or an owner-occupied haven. Minutes from medical facilities, both major universities and the Halifax waterfront this location truly cannot be beat. This meticulously renovated property, originally built in 1856, stands out with its two incredible units: a curated, furnished lower unit with 3 rooms, small patio and crawl space for abundant storage plus a showstopper 2 floor main unit with 12 foot ceilings and 3 spacious bedrooms. Investors will appreciate the top market rents these units command, ensuring an attractive return on investment. Generating $6,200 in monthly rents between the two units and a 5.49% CAP - this property is an investors dream. A breeze to lease up, the units have always had excellent professional tenants (both on fixed leases). Moreover, the property has seen an extensive list of tastefully designed upgrades, ensuring the highest quality of living for both units. From top to bottom, this house has been thoughtfully improved, providing a seamless and comfortable living experience for its residents. With too many improvements to list, you can be sure these owners have thought of every detail. Parking is often a premium in downtown Halifax, and this property offers unique potential. Although street parking is never an issue, with some alterations, the back patio could be utilized for parking off Fenwick Street, while the front could accommodate a small car, adding a coveted amenity to the property. Embrace the perfect balance of urban living and contemporary comfort with this downtown Halifax gem. Whether you're a homeowner seeking the vibrancy of city life or an investor interested in a turnkey property, this two-unit house on Queen Street offers an opportunity that shouldn't be missed.

Listing Courtesy of: Red Door Realty

Directions

Off South Street near the corner of Fenwick and Queen.

Building Specs.

Building Age:
167
Building Dimensions:
47'10 X 22'10
Foundation Type:
Stone
Roof Material:
Rolled
Exterior Finish:
Wood Shingles
Flooring Type:
Carpet, Hardwood, Tile
Heating & Cooling:
Forced Air, Furnace
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Potential in the back off Fenwick Street or for small car in front with gate removed.
Driveway/Parking:
Paved, Other

Features

Apt Conforming, Balcony, Dining Room, Family Room, Fireplace(s), Laundry, Main Flr Fam Rm, Multi-Use Rooms, Secondary Suite, Storage

Community Features

Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship

Schools

Elem. School: Saint Mary's Elementary School
Elem. School (French Imm.): Lemarchant - St Thomas Elementary School
Mid. School: Gorsebrook Junior High School
Mid. School (French Imm.): Gorsebrook Junior High School
High School: Citadel High School
High School (French Imm.): Citadel High School

Inclusions

All lower unit furniture and appliances. All appliances located in the upper unit.

Exclusions

Tenant belongings.

Rental Equipment

None

Map

Contact Agent


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