2542 Gottingen Street (MLS® 202602009)

Halifax, NS, B3K 3C4

Summary

MLS ®:
 202602009
Price:
 $879,900
Status:
 Active
District:
 1
Zoning:
 ER-2
Property Type:
 Triplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 $58,560/year
Approx. Net Income:
 $47,120/year
Laundry Income:
 $0
Other Income:
 $0
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $11,440/year
Management Expense:
 $2,400
Water & Sewage Expense:
 $1,200
Insurance Expense:
 $1,440
Tax Costs:
 $6,400
Expense Details:
Call 902-499-7886

Property Overview

2542 Gottingen Street, Halifax (MLS® 202602009): Well-located triplex in the heart of Halifax’s vibrant North End, offering immediate rental income and long-term growth potential. The property features three self-contained units: one spacious two-bedroom, one one-bedroom plus den, and one one-bedroom unit—providing a desirable mix that appeals to a broad tenant base. Situated on Gottingen Street, one of Halifax’s most dynamic and evolving corridors, this property is surrounded by local cafés, restaurants, and cultural hubs, with the Halifax Commons just steps away. Walkable access to hospitals, universities, downtown, and major transit routes continues to drive strong and consistent rental demand, supported by nearby employment centres and ongoing neighbourhood revitalization. From an investment perspective, this location performs. The building supports solid fundamentals with reliable income and projected returns that reflect the strength of the area, with estimates indicating up to a 109% return on investment over five years based on current assumptions. An excellent opportunity for investors seeking a centrally located multi-unit property in a proven rental market with upside for the future.

Listing Courtesy of: Royal LePage Atlantic

Directions

Gottingen Street

Building Specs.

Building Dimensions:
Irregular
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle, Tar/Gravel
Exterior Finish:
Wood Siding
Flooring Type:
Laminate, Tile
Heating & Cooling:
ETS (Elec Therm Storage), Heat Pump -Ductless
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Garage Details:
None
Driveway/Parking:
None

Community Features

Park, Place of Worship, Playground, Public Transit, Recreation Center, Shopping

Schools

Elem. School: Joseph Howe Elementary School
Elem. School (French Imm.): St Joseph's - Alexander Mckay Elementary School
Mid. School: Oxford School
Mid. School (French Imm.): Oxford School
High School: Citadel High School
High School (French Imm.): Citadel High School

Inclusions

s x3, f x3, w x2, d x1, dw x2, microwave x2

Rental Equipment

None

Map

Contact Agent


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