5525 Black Street (MLS® 202222998)

Halifax, NS, B3K 1P7

Summary

MLS ®:
 202222998
Price:
 $936,000
Status:
 Active
District:
 4
Zoning:
 ER-1
Property Type:
 Triplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 62208
Approx. Net Income:
 44135.62
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 18,072.36
Water & Sewage Expense:
 1223.36
Insurance Expense:
 3442
Tax Costs:
 6950
Electricity Bill:
 1598
Heating Bill:
 4079
Other Costs:
 780
Expense Details:
Call 902-499-7886

Property Overview

5525 Black Street, Halifax (MLS® 202222998): Heritage meets modern in this perfectly maintained triplex in the heart of Halifax’s north end, with 4 car parking, beautiful fenced back yard, and roof top patio. You’re not going to want to miss out on this positive cash flow investment. With so many updates including new heating system, roof, electrical and plumbing you’ll be getting a turn key investment for years to come. Zoning Letter states 2 units, Centre Plan allows for one Secondary Suite which gives you a three unit building. Middle level is month-to-month while the upper and lower are year-to-year leases. Since the LL's purchase in 2017, great care has been taken with their upgrades which include: 1) converting from oil to natural gas heat for the hot water baseboards above grade and the refurbished radiators on the lower; there are a few electric baseboard heaters in the top unit's second floor. 2) Recently updated the roof with new sheathing and asphalt shingles. 3) Top unit was given a rooftop deck. 4) All units had kitchen counter upgrades to a Samsung™ Staron® Acrylic Countertops. Building has driveways on each side totally at least three spaces. This has been a truly delightful place to live and the owners have had no trouble with tenants or renting their units. Privately fenced backyard is accessible and used by all. The lot is 33'x 102' more or less and this building's location is very accommodating to those without vehicles as it is minutes away from many of the areas popular areas such as: CFB Stadacona & CFB Halifax; trendy venues on Gottigen St and the Hydrastone. Within walking distance to the Halifax Commons, Hospitals and a bit further to St. Mary's & Dalhousie Universities.

Listing Courtesy of: RE/MAX Nova

Directions

Gottigen St to Black

Building Specs.

Building Age:
106
Foundation Type:
Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Wood Siding
Flooring Type:
Hardwood, Laminate, Linoleum
Heating & Cooling:
Baseboard, Hot Water, Radiator
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Multiple Driveway(3)
Driveway/Parking:
Gravel, Multiple Driveways, Other

Features

Apt Conforming, Balcony

Community Features

Public Transit, Recreation Center, Shopping, Place of Worship

Schools

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

Inclusions

3x (Fridges/Stove/Washer/Dryer)

Rental Equipment

None

Map

Contact Agent


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