5571 Fenwick Street, Halifax Peninsula, NS B3H 1R1
- $929,900
- 5
- BD
- List Price
- $929,900
- Price Change
- ▼ $20,000 1784061756
- Status
- ACTIVE
- MLS#
- 202602006
- Bedrooms
- 5
- Lot Size (Acres)
- 0.0534
Property Description
Excellent opportunity to acquire a fully rented triplex in the heart of downtown Halifax, one of the city’s 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.
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Additional Information
- Area
- Halifax - Dartmouth
- Flooring
- Ceramic Tile, Laminate, Linoleum, Softwood, Vinyl Plank
- Exterior Finish
- Shingle Siding
- Roof
- Rolled/Hot Mop
- Utilities
- Electricity Connected
- Sewer
- Municipal
- Elementary School
- St. Mary'S Education Centre/ Academy
- Middle School
- Gorsebrook Junior High School
- High School
- Citadel High School
- Appliances
- Stove, Dishwasher, Washer/Dryer, Refrigerator, Washer, Dryer
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Listing courtesy of One Percent Realty East Inc..