Map
$X
Accept Terms of Use to see price

000

MLS® 202604065

Overview

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 1
Lot Size 
Approx. Age 1930
MLS® Number 202604065

Property Address: 1645 Oxford Street, Halifax, NS, B3H3Z5

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey income property located in Halifaxs premier university rental corridor & within walking distance to multiple universities & major hospitals. Ideally positioned for the high demand student rental market with an approximate 6% CAP RATE. Welcome to 1645/1647 Oxford Street, a fully rented South End legal duplex just steps from Dalhousie University, offering 10 bedrooms, parking for four vehicles & strong stable rental income. Positioned on a 5250 sq ft corner lot within the ER3 Low Rise High Density zone under the HRM Centre Plan, the property offers excellent long term redevelopment potential while generating strong current income. The building is configured as a seven bedroom upper flat spanning two levels & a bright three bedroom lower unit with open concept kitchen & living area. The property generates an approximate Net Operating Income of $94574, providing stable cash flow in one of Atlantic Canadas strongest & most reliable rental markets. Each unit features separate entrances & separate power meters, allowing simplified management & efficient operation. The property has been well maintained & extensively upgraded, reducing near term capital expenditure requirements. Major improvements since 2015 include addition of the basement unit renovated in 2024, upgraded electrical panels & wiring, replacement of the lead water service line & interior cast iron waste piping, blown in wall insulation, installation of heat pumps, exterior drainage improvements, updated siding & windows, & roof shingles replaced in 2023. Located adjacent to Dalhousie & Kings College campuses & within walking distance to hospitals, universities & amenities, the property benefits from strong rental demand, historically low vacancy rates & continued enrolment growth, making it a reliable long term income producing asset. Rare opportunity to acquire a turnkey South End multi unit with strong cash flow & redevelopment potential. (id:58753)Show Description
MLS® Number202604065
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1930
BasementFinished, Full
DrivewayPaved Yard, Parking Space(s)
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties