$949,900

Excellent opportunity to acquire a fully rented triplex in the heart of downtown Halifax, one of the citys strongest and most consistent rental markets with CEN-2 Zoning. The property offers three self-contained units, including two 2-bedroom units and one 1-bedroom unit, all currently rented on fixed-term leases, providing immediate and reliable income. Each unit offers a functional layout, good natural light, and a comfortable blend of character and modern updates. The building generates approximately $66,600 in annual rental income, with tenants paying their own heat and electricity, contributing to efficient operating costs. The current owner has invested approximately $100,000 in recent upgrades, significantly reducing future capital requirements. Improvements include all new electrical, conversion to electric heating, plumbing upgrades, in-unit washers and dryers in all units, new water heaters, bathroom upgrades, flooring upgrades, and a dishwasher added to the main-floor unit. Well-located within walking distance of universities, hospitals, transit, shopping, and downtown amenities, this property offers strong tenant demand and long-term investment stability. A turnkey asset ideal for investors seeking solid income in a proven location. (id:64343)

Property Details

MLS® Number	202602006
Property Type	Multi-family
Community Name	Halifax Peninsula
Amenities Near By	Park, Playground, Public Transit, Shopping, Place Of Worship
Community Features	Recreational Facilities, School Bus

Building

Amenities	Fireplace(s)
Appliances	Stove, Dishwasher, Washer/dryer Combo, Refrigerator
Exterior Finish	Wood Shingles
Flooring Type	Ceramic Tile, Laminate, Linoleum, Wood, Vinyl Plank
Foundation Type	Concrete Perimeter
Type	Triplex
Utility Water	Municipal Water

Parking

Gravel

Land

Acreage	No
Land Amenities	Park, Playground, Public Transit, Shopping, Place Of Worship
Sewer	Municipal Sewage System
Size Irregular	0.0534
Size Total	0.0534 Ac
Size Total Text	0.0534 Ac

https://www.realtor.ca/real-estate/29318072/5571-fenwick-street-halifax-peninsula-halifax-peninsula