For Sale: 817 Tower 5791 Harrington Road Dr, Halifax, NS

About this home

Nothing else like it on the market! Immediately adjacent to Saint Marys University, 817 Tower Road/5791 Harrington Drive is a legal triplex offering established income and exceptional upside in one of Halifaxs strongest rental locations. Spanning approximately 4,000 sq. ft., the property is configured as three self-contained apartments, one on each level, with ten bedrooms currently rented under three fixed-term leases. Significant renovations completed over the past eight years include fire separation, extensive electrical upgrades with new meters and panels, a newer natural-gas heating system, three bathrooms, two kitchens, approximately 80% replacement windows and additional improvements. Current rents are believed to be below market, while the building offers the potential to accommodate up to 14 individually rented bedrooms under a shared-housing model, potentially increasing gross rental income by approximately 46%. The upper apartment includes four rented bedrooms, two full bathrooms and two existing loft rooms, with water and sewer roughed in for a potential additional bathroom. The main-floor apartment contains three bedrooms and generous living space that could potentially be reconfigured to create two additional rooms. The walkout ground-level apartment includes three bedrooms and its own living and kitchen areas. Additional highlights include coin-operated laundry, separate electrical meters, parking for four vehicles and a registered right-of-way from Harrington Street. Walk to universities, hospitals, downtown, transit, restaurants, cafés, shopping and everyday amenities, with Point Pleasant Park only minutes away. Shared-housing potential, projected income and alterations are estimates only and subject to purchaser verification and all required approvals, permits and other requirements. Detailed financials, floor plans and other property information are available upon an accepted offer. Access for viewings is from 817 Tower Road only. (id:63626)

Listed by: Keith Kenny, Century 21 Optimum Realty

Home facts and features

Price details

List Price

$1,599,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Paved Yard

Property Type

Multifamily

Lot Size

6141 ft²

Depth

Year Built

Built in 1935 (91 yrs old)

Title

Freehold

Exterior Finish

Wood shingles

Heating Type

Baseboard heaters, Electric, Natural gas, Radiator, Hot Water

Appliances

Dryer, Range, Refrigerator, Washer

Agent details

Primary Agent

Keith Kenny

Primary Broker

Century 21 Optimum Realty

Listing details

Days on REW

27 Days

MLS® Number

202623152

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 4km

Inglis Street Elementary School

n/a
K - 6
In Catchment

Gorsebrook Junior High School

n/a
7 - 9
In Catchment

Saint Mary's Elementary School

n/a
K - 6
In Catchment

Lemarchant-St. Thomas Elementary School

n/a
K - 6
In Catchment

Citadel High School

n/a
10 - 12
In Catchment

Halifax Central Junior High School

n/a
7 - 9
In Catchment

Sir Charles Tupper School

n/a
K - 6
In Catchment

Oxford School

n/a
K - 9
In Catchment

Joseph Howe Elementary School

n/a
K - 6
In Catchment

Westmount Elementary School

n/a
K - 6
In Catchment

817 Tower Road, 5791 Harrington DrHalifax, NS, B3H 2Y1