For Sale: 5571 Fenwick Street, Halifax, NS

About this home

Excellent opportunity to acquire a fully rented triplex in the heart of downtown Halifax, one of the citys 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. (id:63626)

Listed by: Natalie Urquhart, One Percent Realty East Inc.

Home facts and features

Price details

List Price

$949,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Gravel

Property Type

Multifamily

Lot Size

2326 ft²

Depth

Title

Freehold

Exterior Finish

Wood shingles

Features

Fireplace(s)

Appliances

Dishwasher, Refrigerator, Stove, Washer/Dryer Combo

Agent details

Primary Agent

Natalie Urquhart

Primary Broker

One Percent Realty East Inc.

Listing details

Days on REW

122 Days

Property Views

MLS® Number

202602006

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 168km

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

5571 Fenwick StreetHalifax, NS, B3H 1R1