REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Philip Jonker

phil@propertyhalifax.ca +1(902) 817-4708

Listed by Vinay Dhunna • RE/MAX Nova (Halifax)

$1,399,900

Est. payment - /mo

8 Beds

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202612606

Bedrooms 8

HOA Y/N No

Year Built 1922

Property Sub-Type Duplex

Source Nova Scotia

Property Description

Introducing 1672/1676 Chestnut Street — a well-maintained duplex in the heart of Halifax, ideally located on a quiet street just steps from both Dalhousie University and University of King's College. This large century home offers an exceptional investment opportunity with strong income potential and future development upside. Currently 100% occupied and consistently easy to rent, the property generates over $137,000 in annual income and operates at an impressive 7% cap rate after expenses. The home features two spacious flats — one 4-bedroom unit and one 5-bedroom unit — making it highly attractive for student housing or long-term tenants alike. The property also offers additional upside with a partially finished walk-out basement and zoning that permits up to a fourplex configuration. The basement features excellent ceiling height and direct walk-out access, offering strong potential for future unit development or additional living space. Over the past 10 years, numerous upgrades have been completed, including an efficient boiler with Riello oil burner, 90% efficient hot water heating, some vinyl windows, blown-in insulation (2012), a new south-side roof (2013), and newer appliances throughout. Front paving stone landscaping was added in 2012 to allow for parking and reduced exterior maintenance. Situated close to all amenities, this property is within walking distance to hospitals, libraries, shopping, restaurants, museums, and everything Halifax has to offer. A rare opportunity to own a high-performing investment property in one of Halifax's most desirable rental locations.

Location

Province NS

County Halifax

Area 2-Halifax South

Zoning R2

Region Halifax - Dartmouth

City Region Halifax - Dartmouth

Rooms

Basement Full, Finished, Walk-Out Access

Interior

Heating Furnace

Flooring Hardwood, Laminate

Equipment No Rental Equipment

Fireplace No

Appliance Stove, Dryer, Washer, Refrigerator, Dishwasher

Exterior

Community Features Park, Playground, Recreation Center, School Bus Service, Shopping, Place of Worship

View Y/N No

Roof Type Asphalt

Porch Deck

Garage No

Private Pool No

Building

Lot Description Under 0.5 Acres

Foundation Block

Sewer Municipal

Water Municipal

New Construction No

Schools

Elementary Schools Lemarchant - St Thomas Elementary School

Middle Schools Halifax Central Junior High School

High Schools Citadel High School

Others

Ownership Freehold

ParcelsYN No

Read Less Info

Nearby Locations

GET MORE INFORMATION

Philip Jonker

+1(902) 817-4708

Agent | License ID: 1811911

Agent License ID: 1811911

1672/1676 Chestnut St Halifax, NS B3H 3T4

Philip Jonker

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION