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Listed price in listed location currency (CAD).
$1,650,000

1000

MLS® 202623152

Overview

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 5
Lot Size 0.141 Acres
Approx. Age 1935
MLS® Number 202623152

Property Address: 817 Tower Rd, Halifax, NS, B3H2Y1

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

Description

Nothing else like it on the market! Immediately adjacent to Saint Mary’s University, 817 Tower Road/5791 Harrington Drive is a legal triplex offering established income and exceptional upside in one of Halifax’s 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 through the listing agent. Access for viewings is from 817 Tower Road only.
MLS® Number202623152
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1935
BasementPartially Finished, Walk-Out Access
DrivewayDriveway, Paved
Garage Spaces
HeatBaseboard, Hot Water, Radiator
A/C

Extras

3 Fridges, 3 Stoves, 1 Coin Operated Washer And 1 Dryer

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