For Sale: 116 Coronation Avenue, Halifax, NS - REW
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$499,900
0 bd • ba • sf • Multifamily
116 Coronation Avenue
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$499,900

116 Coronation AvenueHalifax, NS, B3N 2N1

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Welcome to 116 Coronation Ave! This 2-unit bungalow is located in the heart of Fairview and has a capitalization rate of 5.3%. 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
$499,900
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
5985 ft²
Depth
Year Built
Built in 1960 (66 yrs old)
Title
Freehold
Exterior Finish
Wood shingles
Basement Details
Full, Walk out
Agent details
Primary Agent
Primary Broker
Exit Realty Metro
Listing details
Days on REW
35 Days
MLS® Number
202609146
Source
Canadian Real Estate Association
Board
Nova Scotia Association of REALTORS®
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Riverside Consolidated School
  • n/a
  • K - 5
  • In Catchment
Marshview Middle School
  • n/a
  • 5 - 8
  • In Catchment
Salem Elementary School
  • n/a
  • K - 4
  • In Catchment
Sackville Christian Academy
  • n/a
  • K - 12
  • In Catchment
Tantramar Regional High School
  • n/a
  • 9 - 12
  • In Catchment
Dorchester Consolidated School
  • n/a
  • K - 8
  • In Catchment
Port Elgin Regional School
  • n/a
  • K - 8
  • In Catchment
Caledonia Regional High School
  • n/a
  • 6 - 12
  • In Catchment
Hillsborough Elementary School
  • n/a
  • K - 5
  • In Catchment
École Abbey-Landry
  • n/a
  • K - 8
  • In Catchment
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Call Agent
Andrew Stephens
Phone:
(902) 471-0795
Office:
902-444-3948
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