About this home

Turnkey income property in Halifaxs premier university rental corridor, 1645/1647 Oxford Street presents a rare opportunity to acquire a fully rented South End legal duplex with strong, stable cash flow and long-term upside, all within walking distance to multiple universities, major hospitals, amenities, and transit. Ideally positioned for the high-demand student rental market, the property generates gross annual revenue of approximately $114,300, with total operating expenses of approximately $24,166.36 per year and an estimated Net Operating Income of approximately $90,133.64. The building offers 10 bedrooms total, including a seven-bedroom upper flat spanning two levels and a bright three-bedroom lower unit with an open-concept kitchen and living area, along with parking for four vehicles. Situated on a 5,250 sq. ft. corner lot within the ER3 Low Rise High Density zone under the HRM Centre Plan, the property also offers excellent redevelopment potential. Each unit has separate entrances and power meters for ease of management. Extensively upgraded and well maintained, major improvements since 2015 include the addition and 2024 renovation of the basement unit, upgraded electrical systems, replacement of the lead water service line and cast iron piping, blown-in insulation, heat pumps, exterior drainage improvements, updated siding and windows, and a new roof in 2023. Located adjacent to Dalhousie and Kings College and close to hospitals, this property benefits from consistently strong rental demand, low vacancy rates, and ongoing enrolment growth, making it a reliable, long-term income-producing asset. (id:63626)

Listed by: Brehannah Hopgood, The Agency Real Estate Brokerage

Home facts and features

Price details

List Price

$1,495,000

Home facts

Bedrooms

Full Bathrooms

Parking Details

Paved Yard, Parking Space(s)

Property Type

Multifamily

Lot Size

5248 ft²

Depth

Year Built

Built in 1930 (96 yrs old)

Title

Freehold

Exterior Finish

Vinyl

Heating Type

Heat Pump, Baseboard heaters, Oil, Electric, Radiator, Hot Water, Ductless

Basement Details

Finished, Full

Appliances

Dishwasher, Dryer, Range, Refrigerator, Washer

Agent details

Primary Agent

Brehannah Hopgood

Primary Broker

The Agency Real Estate Brokerage

Listing details

Days on REW

25 Days

Property Views

MLS® Number

202623437

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 2km

Halifax Central Junior High School

n/a
7 - 9
In Catchment

Lemarchant-St. Thomas Elementary School

n/a
K - 6
In Catchment

Sir Charles Tupper School

n/a
K - 6
In Catchment

Gorsebrook Junior High School

n/a
7 - 9
In Catchment

Oxford School

n/a
K - 9
In Catchment

Citadel High School

n/a
10 - 12
In Catchment

Inglis Street Elementary School

n/a
K - 6
In Catchment

Saint Mary's Elementary School

n/a
K - 6
In Catchment

Westmount Elementary School

n/a
K - 6
In Catchment

Joseph Howe Elementary School

n/a
K - 6
In Catchment

1645 Oxford Street, 1647 Oxford StreetHalifax, NS, B3H 3Z5