1645 Oxford Street, 1647 Oxford Street

Description

Turnkey income property in Halifaxs premier university rental corridor, 1645/1647 Oxford Street presents a rare opportunity to acquire a fully rented South End legal duplex with strong, stable cash flow and long-term upside, all within walking distance to multiple universities, major hospitals, amenities, and transit. Ideally positioned for the high-demand student rental market, the property generates gross annual revenue of approximately $114,300, with total operating expenses of approximately $24,166.36 per year and an estimated Net Operating Income of approximately $90,133.64. The building offers 10 bedrooms total, including a seven-bedroom upper flat spanning two levels and a bright three-bedroom lower unit with an open-concept kitchen and living area, along with parking for four vehicles. Situated on a 5,250 sq. ft. corner lot within the ER3 Low Rise High Density zone under the HRM Centre Plan, the property also offers excellent redevelopment potential. Each unit has separate entrances and power meters for ease of management. Extensively upgraded and well maintained, major improvements since 2015 include the addition and 2024 renovation of the basement unit, upgraded electrical systems, replacement of the lead water service line and cast iron piping, blown-in insulation, heat pumps, exterior drainage improvements, updated siding and windows, and a new roof in 2023. Located adjacent to Dalhousie and Kings College and close to hospitals, this property benefits from consistently strong rental demand, low vacancy rates, and ongoing enrolment growth, making it a reliable, long-term income-producing asset. (id:56844)

Listing

MLS® number

202623437

Status

Active

Days On Market

45

Building

Type

Duplex

Year built

1930

Foundation

Concrete Perimeter

Basement

Finished, Full

Interior

Flooring

Hardwood, Ceramic Tile, Vinyl

Heating

Heat Pump, Baseboard heaters, Oil, Electric, Radiator, Hot Water, Ductless

Appliances

Washer, Refrigerator, Dishwasher, Range, Dryer

Land

Lot size

0.12 acres

Exterior features

Vinyl

Community

School Bus, Recreational Facilities

Parking

Type

Paved Yard, Parking Space(s)

Utilities

Water

Municipal water

Sewer

Municipal sewage system

Fees and taxes

Common interest

Freehold

Parcel number

00048223

Directions

Corner Oxford & Jennings