817 Tower Road (MLS® 202623152)

Halifax Peninsula, NS, B3H 2Y1

Summary

MLS ®:
 202623152
Price:
 $1,599,900
Status:
 Active
District:
 2
Zoning:
 ER-3
Property Type:
 Triplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 93,600
Approx. Net Income:
 72,570
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 21,030
Expense Details:
Call 902-499-7886

Property Overview

817 Tower Road, Halifax Peninsula (MLS® 202623152): Nothing else like it on the market! Immediately adjacent to Saint Mary’s University, 817 Tower Road/5791 Harrington Drive is a legal triplex offering established income and exceptional upside in one of Halifax’s strongest rental locations. Spanning approximately 4,000 sq. ft., the property is configured as three self-contained apartments, one on each level, with ten bedrooms currently rented under three fixed-term leases. Significant renovations completed over the past eight years include fire separation, extensive electrical upgrades with new meters and panels, a newer natural-gas heating system, three bathrooms, two kitchens, approximately 80% replacement windows and additional improvements. Current rents are believed to be below market, while the building offers the potential to accommodate up to 14 individually rented bedrooms under a shared-housing model, potentially increasing gross rental income by approximately 46%. The upper apartment includes four rented bedrooms, two full bathrooms and two existing loft rooms, with water and sewer roughed in for a potential additional bathroom. The main-floor apartment contains three bedrooms and generous living space that could potentially be reconfigured to create two additional rooms. The walkout ground-level apartment includes three bedrooms and its own living and kitchen areas. Additional highlights include coin-operated laundry, separate electrical meters, parking for four vehicles and a registered right-of-way from Harrington Street. Walk to universities, hospitals, downtown, transit, restaurants, cafés, shopping and everyday amenities, with Point Pleasant Park only minutes away. Shared-housing potential, projected income and alterations are estimates only and subject to purchaser verification and all required approvals, permits and other requirements. Detailed financials, floor plans and other property information are available upon an accepted offer. Access for viewings is from 817 Tower Road only.

Listing Courtesy of: Century 21 Optimum Realty

Directions

From Inglis Street, Right on Tower Road to 817 on the Left

Building Specs.

Building Age:
91
Building Dimensions:
40 x 34 x 25 x 23
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Brick, Wood Shingles
Flooring Type:
Hardwood, Laminate, Tile, Vinyl
Heating & Cooling:
Baseboard, Hot Water, Radiator
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
4-car paved: 2 spaces off Tower Rd/2 associated with access via registered Harrington Street right-of-way
Driveway/Parking:
Multiple Driveways, Paved

Features

Apt Conforming, Heat/Air Exchange, Laundry, Power, Secondary Suite

Community Features

Park, Place of Worship, Playground, Public Transit, Recreation Center, School Bus Service, 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, 1 coin operated Washer and 1 Dryer

Rental Equipment

None

Map

Contact Agent


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