5571 Fenwick Street

Description

Excellent opportunity to acquire a fully rented triplex in the heart of downtown Halifax, one of the citys 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. (id:56844)

Listing

MLS® number

202602006

Status

Active

Days On Market

270

Building

Type

Triplex

Foundation

Concrete Perimeter

Features

Fireplace(s)

Interior

Flooring

Laminate, Ceramic Tile, Linoleum, Wood, Vinyl Plank

Heating

Baseboard heaters, Electric

Appliances

Refrigerator, Dishwasher, Stove, Washer/Dryer Combo

Land

Lot size

0.05 acres

Exterior features

Wood shingles

Community

School Bus, Recreational Facilities

Parking

Type

Gravel

Utilities

Water

Municipal water

Sewer

Municipal sewage system

Fees and taxes

Common interest

Freehold

Parcel number

00102731

Directions

South Park St. to Fenwick St., or Queen St. to Fenwick St.