For Sale: 1672/1676 Chestnut Street, Halifax, NS

About this home

Introducing 1672/1676 Chestnut Street a well-maintained duplex in the heart of Halifax, ideally located on a quiet street just steps from both Dalhousie University and University of King's College. This large century home offers an exceptional investment opportunity with strong income potential and future development upside. Currently 100% occupied and consistently easy to rent, the property generates over $137,000 in annual income and operates at an impressive 7% cap rate after expenses. The home features two spacious flats one 4-bedroom unit and one 5-bedroom unit making it highly attractive for student housing or long-term tenants alike. The property also offers additional upside with a partially finished walk-out basement and zoning that permits up to a fourplex configuration. The basement features excellent ceiling height and direct walk-out access, offering strong potential for future unit development or additional living space. Over the past 10 years, numerous upgrades have been completed, including an efficient boiler with Riello oil burner, 90% efficient hot water heating, some vinyl windows, blown-in insulation (2012), a new south-side roof (2013), and newer appliances throughout. Front paving stone landscaping was added in 2012 to allow for parking and reduced exterior maintenance. Situated close to all amenities, this property is within walking distance to hospitals, libraries, shopping, restaurants, museums, and everything Halifax has to offer. A rare opportunity to own a high-performing investment property in one of Halifaxs most desirable rental locations. (id:63626)

Listed by: Vinay Dhunna, RE/MAX Nova (Halifax)

Home facts and features

Price details

List Price

$1,399,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Paved Yard

Property Type

Multifamily

Depth

Year Built

Built in 1922 (104 yrs old)

Title

Freehold

Exterior Finish

Wood shingles

Basement Details

Finished, Full, Walk out

Appliances

Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Vinay Dhunna

Primary Broker

RE/MAX Nova (Halifax)

Secondary Agent

Rimple Dhunna

Secondary Broker

RE/MAX Nova (Halifax)

Listing details

Days on REW

9 Days

MLS® Number

202612606

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 167km

Marshview Middle School

n/a
5 - 8
In Catchment

Salem Elementary School

n/a
K - 4
In Catchment

Riverside Consolidated School

n/a
K - 5
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

1672/1676 Chestnut StreetHalifax, NS, B3H 3T4