6033 South Street (MLS® 202609959)

Halifax Peninsula, NS, B3H 1S8

Summary

MLS ®:
 202609959
Price:
 $6,600,000
Status:
 Active
District:
 2
Zoning:
 HR-1
Property Type:
 Over 12 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 394,088
Approx. Net Income:
 285,546
Laundry Income:
 0
Other Income:
 0
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 100,661
Maintenance Expense:
 18,910
Management Expense:
 16,749
Snow & Garbage Expense:
 7,333
Water & Sewage Expense:
 3,284
Insurance Expense:
 12,514
Tax Costs:
 24,345
Electricity Bill:
 6,882
Heating Bill:
 10,644
Other Costs:
 0
Expense Details:
Call 902-499-7886

Property Overview

6033 South Street, Halifax Peninsula (MLS® 202609959): Fantastic opportunity to add a newly renovated 31-room international student residence to your portfolio. Ideally positioned just minutes from Dalhousie University, University of King’s College, and Saint Mary’s University, this ideally-located income property benefits from consistent demand and strong occupancy in one of Halifax’s most established student rental markets. CMHC financing has been in place since June 2024, featuring a 50-year amortization supported by the property’s exceptional energy score of 100 points — a financing advantage that is no longer available under current CMHC offerings. The building is thoughtfully configured for student living, offering 31 furnished rooms, two communal kitchens with granite countertops, eight bathrooms, laundry facilities, and modern furnishings in each room, including a bed, nightstand, desk, chair, and mini fridge. The layout is designed to support efficient operations while providing a comfortable and functional living environment for tenants. Major recent upgrades have been completed throughout the property in the last few years, including vinyl siding, roof shingles, electrical, plumbing, foundation improvements, added lower-level windows, internet access points, lighting, paint, furniture, hardware, and a remote monitoring system. Essentially, all major systems and overall student experience have been significantly enhanced. The property benefits from an efficient natural gas boiler, with solar pre-heating being added shortly to further reduce energy costs while providing ample heat and hot water throughout the building. There are also 3 parking spots that can be easily rented for extra income or for easy parking for management/cleaners. For investors seeking a turnkey, high-demand student rental with strong cash flow, meaningful upside, and an exceptional university-adjacent location, this is a rare opportunity in the Halifax market. **Share sale available**

Listing Courtesy of: Coldwell Banker Maritime Realty

Directions

South Street, Between Edward Street and Robie Street

Building Specs.

Building Dimensions:
61 x 28.6 + jogs
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Carpet, Ceramic, Tile
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
3 spots out back
Driveway/Parking:
Multiple Driveways, Parking Spaces(s)

Features

Laundry

Community Features

Park, Playground, Public Transit, Recreation Center, School Bus Service

Schools

Elem. School: Inglis Street Elementary School
Mid. School: Gorsebrook Junior High School
High School: Citadel High School

Rental Equipment

None

Map

Contact Agent