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Philip Jonker

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

Listed by Chantele Joordens • Exit Realty Metro

$725,000

Est. payment - /mo

7 Beds

6,111 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202622616

Bedrooms 7

HOA Y/N No

Year Built 1967

Lot Size 6,111 Sqft

Acres 0.1403

Property Sub-Type Triplex

Source Nova Scotia

Property Description

Excellent investment opportunity in a highly convenient Fairview location! This well-maintained property is configured for three units but is currently being rented as two, offering an investor an exciting opportunity to maximize the income potential with minimal changes needed to convert to three legal units. Two excellent tenants are currently in place, and both would love the opportunity to stay. The upper level features a spacious 3-bedroom unit, while the middle level offers another 3-bedroom unit and the lower level features a 1-bedroom unit. The middle and lower units are currently rented together while the upstairs unit is being rented separately, bringing the total rental income to $4,730/month. With the property currently operating as two rental units and rents offering room for growth, there is significant upside for an investor looking to increase future rental income. All units are in great condition, with separate entrances and multiple paved parking spaces. Heating is provided by electric baseboards and ductless heat pumps, with tenants paying their own heat and electricity. The property has seen approximately $70,000 in upgrades since 2022, including a brand-new multi-level deck, updated flooring in the lower unit, new appliances, and numerous other improvements. Outside, enjoy a beautiful level backyard with plenty of usable space and a convenient shed for additional storage. Located close to shopping, schools, restaurants, public transit, parks and everyday amenities, with easy access to both Halifax and Dartmouth, this is an ideal opportunity for investors seeking strong existing income, quality tenants, excellent condition and substantial future rental upside. With the building already configured for three units and only minimal changes anticipated to transition to three legal units, this property offers an excellent opportunity to unlock even greater income potential.

Location

Province NS

County Halifax

Area 6-Fairview

Zoning R-2 - RESIDENTIAL MEDIUM DENISTY

Region Halifax - Dartmouth

City Region Halifax - Dartmouth

Rooms

Basement Finished

Bedroom 2 6148.05

Dining Room 56310 Yearly

Kitchen 3287

Interior

Interior Features Secondary Suite

Heating Baseboard, Ductless

Cooling Air Conditioning

Flooring Laminate, Tile

Inclusions All Appliances

Equipment No Rental Equipment

Fireplace No

Appliance Stove, Dishwasher, Dryer, Washer, Refrigerator

Laundry Laundry

Exterior

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

Utilities Available Electricity Connected

View Y/N No

Roof Type Asphalt

Garage No

Private Pool No

Exclusions Tenant Belongings

Building

Lot Description Under 0.5 Acres

Dwelling Type Apt Non-Conforming

Foundation Concrete Perimeter

Sewer Municipal

Water Municipal

New Construction No

Schools

Elementary Schools Burton Ettinger Elementary School

Middle Schools Fairview Junior High School

High Schools Halifax West High School

Others

Ownership Freehold

ParcelsYN No

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Philip Jonker

+1(902) 817-4708

Agent License ID: 1811911

7 School Ave Fairview, NS B3N 2E1

Philip Jonker

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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