Description
Excellent opportunity to acquire a fully rented triplex in the heart of downtown Halifax, one of the city’s 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.
Listing Details
5571 Fenwick Street, Halifax Peninsula, B3H 1R1
ACTIVE
$989,900
202602006
n/a
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00102731
Municipal
Municipal
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Building Specifications
Concrete
Rolled
Wood Shingles
Ceramic,Laminate,Linoleum,Softwood,Vinyl Plank
