About this home

Renovated turnkey side-by-side duplex offering exceptional flexibility and upside. This extensively renovated, vacant, move-in-ready income property has been fully upgraded throughout. The opportunities are unmatched: subdivide/separate the units and sell each individually with all services already separated (electrical, water, sewer, etc., estimated at approximately $20K to complete; buyer to confirm subdivision and separation requirements with HRM), or hold as a strong income property previously generating approximately $2,800+ per unit with tenants paying all utilities (power and water), resulting in over $60K net annual income (including taxes and insurance) with an estimated 6.4% cap rate (buyer to verify financials and calculations), or house hack by living in one unit and renting the other. The property features two separate 200-amp panels (one per unit), all new electrical including plugs, lighting, thermostats, and hardwired smoke detectors, new efficient electric baseboards, all new plumbing, vinyl plank flooring throughout, new trim, closet doors, interior and exterior doors, renovated kitchens with new appliances and hardware, updated bathrooms, new stairs, new front and back porches, new windows from the main level down, and fresh paint throughout, creating a near brand-new duplex. Located just 15 minutes to downtown Halifax in a rapidly developing area with significant nearby growth and strong comparable sales supporting values of $550K+ per side, with peninsula properties exceeding $1M generating similar rents, this is a rare turnkey investment with multiple high-performing strategies in a prime location poised for appreciation. (id:63626)

Listed by: Brehannah Hopgood, The Agency Real Estate Brokerage

Home facts and features

Price details

List Price

$974,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Paved Yard, Gravel

Property Type

Duplex

Lot Size

5201 ft²

Depth

Title

Freehold

Exterior Finish

Concrete, Brick, Vinyl

Heating Type

Baseboard heaters, Hot Water

Basement Details

Partially finished, Full

Features

Level, Sump Pump

Amenities

32in min Entry Doorways, 5ft min Kitchen Turning Radius

Appliances

Dishwasher, Range - Electric, Refrigerator, Washer/Dryer Combo

Agent details

Primary Agent

Brehannah Hopgood

Primary Broker

The Agency Real Estate Brokerage

Listing details

Days on REW

53 Days

MLS® Number

202609440

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 172km

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

625 Herring Cove Road, 627 Herring Cove RoadHalifax, NS, B3R 1X8