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Sean Watt

seanrwatt@gmail.com +1(902) 220-7326

Listed by Andrew Stephens • Exit Realty Metro

$489,900

Est. payment - /mo

3 Beds

5,985 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202619259

Bedrooms 3

HOA Y/N No

Year Built 1960

Lot Size 5,985 Sqft

Acres 0.1374

Property Sub-Type Duplex

Source Nova Scotia

Property Description

Investor opportunity or live in one unit and rent the other as the basement will be vacant mid-August! This 2-unit bungalow is located in the heart of Fairview and has a capitalization rate of 5.6%. The upper unit features 2 bedrooms, 1 bathroom, electric baseboard heating, and a ductless heat pump. The tenant currently pays $1,375/month + NSP on a fixed-term lease until September 30, 2026. The lower unit offers 1 bedroom, 1 bathroom, and was fully renovated in 2019. It also includes electric baseboard heating and a ductless heat pump. The tenant currently pays $1,400/month + NSP on a fixed-term lease until August 31, 2026. There's enough parking for two cars, one for each unit. With its prime Fairview location, this property offers strong rental appeal and consistent demand, making it easy to fill vacancies when they arise. Total rental income is $33,300. Property taxes for 2026 are $3,037.28. Current annual insurance cost is $1,951.92. Last year's water bill expense was only $663.39. Current NOI is $27,647.41.

Location

Province NS

County Halifax

Area 6-Fairview

Zoning R-2 - RESIDENTIAL MEDIUM DENISTY

Region Halifax - Dartmouth

City Region Halifax - Dartmouth

Rooms

Basement Full, Walk-Out Access

Bedroom 2 3, 037.28

Dining Room 33, 300

Kitchen 1, 951.92

Interior

Heating Baseboard, Ductless

Flooring Ceramic Tile, Laminate

Inclusions Appliances

Equipment No Rental Equipment

Fireplace No

Appliance Stove, Refrigerator, Dishwasher, Washer, Dryer

Exterior

Utilities Available Electricity Connected

View Y/N No

Roof Type Asphalt

Total Parking Spaces 2

Garage No

Private Pool No

Building

Lot Description Under 0.5 Acres

Foundation Concrete Perimeter

Sewer Municipal

Water Municipal

New Construction No

Others

Ownership Freehold

ParcelsYN No

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Sean Watt

+1(902) 220-7326

Agent | N13318

Agent N13318

116 Coronation Ave Halifax, NS B3N 2N1

Sean Watt

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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