For Sale: 116 Coronation Avenue, Halifax, NS

About this home

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. (id:63626)

Listed by: Andrew Stephens, Exit Realty Metro

Home facts and features

Price details

List Price

$489,900

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

5985 ft²

Depth

Year Built

Built in 1960 (66 yrs old)

Title

Freehold

Exterior Finish

Wood shingles

Heating Type

Heat Pump, Baseboard heaters, Electric, Ductless

Basement Details

Full, Walk out

Agent details

Primary Agent

Andrew Stephens

Primary Broker

Exit Realty Metro

Listing details

Days on REW

37 Days

Property Views

MLS® Number

202619259

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 5km

Burton Ettinger Elementary School

n/a
K - 6
In Catchment

Fairview Heights Elementary School

n/a
K - 6
In Catchment

Fairview Junior High School

n/a
7 - 9
In Catchment

Clayton Park Junior High School

n/a
7 - 9
In Catchment

Duc d'Anville Elementary School

n/a
K - 6
In Catchment

Halifax West High School

n/a
10 - 12
In Catchment

Park West School

n/a
K - 9
In Catchment

Rockingham Elementary School

n/a
K - 6
In Catchment

Grosvenor-Wentworth Park Elementary School

n/a
K - 6
In Catchment

École Beaubassin

n/a
K - 5
In Catchment

116 Coronation AvenueHalifax, NS, B3N 2N1