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

$929,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Gravel

Property Type

Multifamily

Lot Size

2326 ft²

Depth

Title

Freehold

Exterior Finish

Wood shingles

Heating Type

Baseboard heaters, Electric

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

214 Days

Property Views

MLS® Number

202602006

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

Is this your listing? Help it to stand out.

Mortgage Calculator

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Schools nearby

10 Schools are within 3km

Saint Mary's Elementary School

n/a
K - 6
In Catchment

Gorsebrook Junior High School

n/a
7 - 9
In Catchment

Inglis Street Elementary School

n/a
K - 6
In Catchment

Citadel High School

n/a
10 - 12
In Catchment

Lemarchant-St. Thomas Elementary School

n/a
K - 6
In Catchment

Halifax Central Junior High School

n/a
7 - 9
In Catchment

Sir Charles Tupper School

n/a
K - 6
In Catchment

Joseph Howe Elementary School

n/a
K - 6
In Catchment

Oxford School

n/a
K - 9
In Catchment

St. Joseph's-Alexander McKay Elementary School

n/a
K - 6
In Catchment

5571 Fenwick StreetHalifax, NS, B3H 1R1