1278 Queen Street (MLS® 202227429)

Halifax, NS, B3J 2H4

Summary

MLS ®:
 202227429
Price:
 $2,595,000
Status:
 Active
District:
 2
Zoning:
 HCD-SV
Property Type:
 Fourplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 157,260/year
Approx. Net Income:
 $134,079
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $22,826
Insurance Expense:
 $4000
Tax Costs:
 $10,154
Electricity Bill:
 Tenants pay power
Heating Bill:
 Gas $7000
Expense Details:
Call 902-499-7886

Property Overview

1278 Queen Street, Halifax (MLS® 202227429): Welcome to this extraordinary income property nestled in the heart of Halifax, within the prestigious Schmidtville Heritage neighborhood. These very well maintained, spacious apartments are highly sought after. Indulge in the convenience a 5 minute stroll to the finest shopping boutiques, exquisite restaurants, vibrant bars, and captivating entertainment venues that Halifax is renowned for. Moreover, revel in the proximity to all major hospitals and esteemed universities, this property presents an exceptional opportunity for a remarkable family home with supplementary income commencing next year. This grand home underwent a complete renovation in 2019, enhancing its allure with the addition of a full 3rd story and an opulent rooftop patio. While preserving the timeless charm, this magnificent abode effortlessly accommodates both indoor and outdoor entertaining, ensuring that every occasion becomes an unforgettable experience.The primary house spans over 3500 sq/ft and is currently leased until April 2024, generating a remarkable monthly income of $7100. Convenient parking at the rear of the property. The versatility of this building permits various uses, allowing you to explore numerous possibilities. Comprising two 1-bedroom suites and two 4-bedroom suites, Alternatively, it offers an even more lucrative investment for your future endeavors. With a NOI of $134,079, this property is a testament to its remarkable potential. Prepare to be captivated by the multitude of outstanding features this building possesses. For further details, please do not hesitate to reach out.

Listing Courtesy of: RE/MAX Nova (Halifax)

Directions

Spring Garden Road to Queen Street South

Building Specs.

Building Age:
142
Building Dimensions:
38x42
Foundation Type:
Block, Concrete, Slab
Roof Material:
Asphalt Shingle, Tar/Gravel
Exterior Finish:
Wood Shingles
Flooring Type:
Ceramic, Hardwood, Tile
Heating & Cooling:
Baseboard, Hot Water, In Floor
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
4 cars
Driveway/Parking:
Gravel, Parking Spaces(s), Shared

Features

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

Community Features

Park, 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 appliances

Exclusions

personal & tenants belongings

Rental Equipment

None

Map

Contact Agent


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