1178 Queen Street (MLS® 202511167)

Halifax, NS, B3H 2S3

Summary

MLS ®:
 202511167
Price:
 $1,500,000
Status:
 Active
District:
 2
Zoning:
 ER-2
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 $86503
Approx. Net Income:
 59976
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 26526
Maintenance Expense:
 852
Snow & Garbage Expense:
 2025
Water & Sewage Expense:
 2273
Insurance Expense:
 $3983
Tax Costs:
 10616
Electricity Bill:
 757
Heating Bill:
 6018
Expense Details:
Call 902-499-7886

Property Overview

1178 Queen Street, Halifax (MLS® 202511167): Prime 5-Unit Investment Property in Downtown Halifax. Located in the heart of the highly sought-after South End of Halifax, this exceptional 5-unit building on Queen Street presents a rare investment opportunity. Just minutes from major hospitals, both Dalhousie and Saint Mary’s Universities, and the vibrant Halifax waterfront, the location is second to none. This 8 bedroom, 5 bathroom, three-level building offers a mix of thoughtfully laid-out units—ranging from bachelor suites to three-bedroom apartments—most with private balconies and excellent natural light. Currently generating $7,208 in monthly rental income, all units are fully leased, with a strong history of low vacancy and reliable quality tenants. Investors will appreciate the strong rental demand and premium market rents this property commands. A key upgrade includes the installation of a natural gas boiler system, contribute to lower operating costs and improved energy efficiency. Whether you're expanding your portfolio or seeking a solid income-generating asset in one of Halifax’s most desirable neighborhoods, this property checks all the boxes.

Listing Courtesy of: Bryant Realty Atlantic

Directions

From Spring Garden Rd turn down Queen St, Building on the right after South & Queen intersection

Building Specs.

Building Dimensions:
20x20
Foundation Type:
Stone
Roof Material:
Tar/Gravel
Exterior Finish:
Vinyl
Flooring Type:
Hardwood, Laminate, Tile
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Driveway/Parking:
None

Features

Balcony, Laundry

Community Features

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

Schools

Elem. School: St. Mary'S Education Centre/ Academy
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

Washer/Dryer, Appliances

Exclusions

Tenants Belongs

Rental Equipment

None

Map

Contact Agent


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