- Multi Family
Overview of 5571 Fenwick Street, Halifax Peninsula, NS (MLS® 202602006)
5571 Fenwick Street, Halifax Peninsula, NS (MLS 202602006): 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 Courtesy of: One Percent Realty East Inc.
Description
South Park St. to Fenwick St., or Queen St. to Fenwick St.
Inclusions & Exclusions
Inclusions: 3 Fridges, 3 Stoves, 3 Washer/Dryer Combo
Exclusions: Tenant belongings
