1278 Queen Street (MLS® 202227429)

Halifax, NS, B3J 2H4

Summary

MLS ®:
 202227429
Price:
 $2,499,000
Status:
 Active
District:
 2
Zoning:
 HCD-SV
Property Type:
 Fourplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 178,000/year
Approx. Net Income:
 $152,497
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): Exceptional Investment Opportunity in Halifax. 4 prime units in a prime location, situated within a mere 5-minute stroll from Halifax's finest shopping, gourmet restaurants, lively bars, and entertainment hotspots, this property offers unparalleled convenience and lifestyle. Moreover, its proximity to hospitals and esteemed universities enhances its desirability, ensuring top notch tenants. Lucrative Rental Income. With a prime location and premium amenities, it's no surprise that this property commands impressive rental rates. Currently leased until April 2025 for $7100 per month, the primary house alone contributes significantly to the substantial NET INCOME of $152,497. Additionally, the property features two 1-bedroom suites and a 4-bedroom suite, all offering attractive rents, further bolstering its profitability. Versatility and Potential. The beauty of this property lies in its versatility. With the flexibility to accommodate various uses, from a lucrative investment venture to a remarkable family home with supplementary income, the possibilities are endless. Whether you're an astute investor or a discerning homeowner, this property offers a lifestyle that goes along with it. Prepare to be captivated by the multitude of outstanding features this home and building possess.

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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