5571 North Street (MLS® 202503730)

Halifax, NS, B3K 1N1

Summary

MLS ®:
 202503730
Price:
 $1,199,000
Status:
 Active
District:
 1
Zoning:
 ER_2
Property Type:
 Fourplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 86046
Approx. Net Income:
 73998.92
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 12047.08
Water & Sewage Expense:
 1765
Insurance Expense:
 3682
Tax Costs:
 6600.08
Expense Details:
Call 902-499-7886

Property Overview

5571 North Street, Halifax (MLS® 202503730): Exceptional investment opportunity awaits at 5571 North Street. This well-maintained multi-unit is priced below recently appraised value, featuring four spacious two-bedroom units, each with in-suite laundry, fully occupied, all on fixed-term leases, ensuring reliable and consistent rental income. Recent upgrades (since 2019) include modernized kitchens with updated appliances, new flooring, wiring, drywall, and paint, along with four brand-new bathrooms, new washers, dryers, and water tanks for each unit, plus updated windows to improve energy efficiency, and the roof (2024). Situated in a high-demand location, this property is a prime addition to any investment portfolio, offering both immediate returns and long-term growth potential. Zoned ER-2, it also provides the opportunity to expand by adding one or two additional units in the basement. Don’t miss out on this turn-key investment!

Listing Courtesy of: Royal LePage Atlantic

Directions

Robie St to North St

Building Specs.

Building Age:
58
Building Dimensions:
62x28
Foundation Type:
Stone
Roof Material:
Tar/Gravel
Exterior Finish:
Vinyl
Flooring Type:
Ceramic, Laminate, Vinyl
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Paved
Driveway/Parking:
Paved

Community Features

Place of Worship, Public Transit, Shopping

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

Exclusions

Tenants belongings

Rental Equipment

None

Map

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