5380 Inglis Street (MLS® 202205095)

Halifax, NS, B3H 1J5

Summary

MLS ®:
 202205095
Price:
 $1,049,000
Status:
 Active
District:
 2
Zoning:
 COR
Property Type:
 Triplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 65100
Approx. Net Income:
 49027
Other Income:
 2640
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 16073
Maintenance Expense:
 1175
Water & Sewage Expense:
 1586
Insurance Expense:
 1310
Tax Costs:
 3784
Electricity Bill:
 3292
Heating Bill:
 4926
Expense Details:
Call 902-499-7886

Property Overview

5380 Inglis Street, Halifax (MLS® 202205095): Fantastic opportunity to purchase a legal SOUTH END peninsular TRI-PLEX located on Inglis Street. With over 3200sf of space on three separate levels the units are spacious and functional in layout. The rental market has validated this asset as being a solid location and property over the years given the fact that it is always fully leased. Current unit composition is: 2 X 3 Bedroom units and 1 X 2 Bedroom unit. Each unit features in-suite laundry and the building also offers tenants on-site parking for 3-4 cars in behind the building with access via Waverly Terrace. Currently the landlord pays for heat and hot water in all units and power for two of the three units. Current leases are periodic and a new fixed term lease for Apt #3 has already been signed at more rent ending in May 2023. This is a great property in a highly desirable area of the peninsula with ready access to universities, downtown and amenities at your doorstep. With the strong current financials in place the opportunity also exists for the new owner to reposition this long-term asset to the next chapter!

Listing Courtesy of: Red Door Realty

Building Specs.

Building Dimensions:
53 X 21.5 + JOG
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle, Other
Exterior Finish:
Wood Shingles, Vinyl
Flooring Type:
Hardwood, Laminate, Softwood, Tile
Heating & Cooling:
Baseboard, Hot Water, Radiator
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Garage Details:
N/A
Parking:
3-4 stalls behind building and accessed from Waverly Terrace (Inglis St to Mitchell St)
Driveway/Parking:
Gravel, Parking Spaces(s), Other

Features

Apt Conforming, Laundry, Multi-Use Rooms, See Remarks

Community Features

Park, Playground, Public Transit, Shopping

Schools

Elem. School: Inglis Street 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

3 Fridges, 3 Stoves, 2 Portable Dishwashers, 3 Washers and 3 Dryers.

Exclusions

Tenants Possessions

Rental Equipment

None

Map

Contact Agent


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