1278 Queen Street, Halifax, Nova Scotia B3J 2H4

Listed for:
$2,499,000
0 beds
0 baths
Listed 277 days ago
Fourplex for rent: 1278 Queen Street, Halifax, Nova Scotia B3J 2H4

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Learn more about this property
Listing provided by:
RE/MAX Nova (Halifax)
MLS® number:
202227429
Agent:
Candice Blaney
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About

Spring Garden Road to Queen Street South Exceptional Investment Opportunity in Halifax. 4 prime units in a prime location, situated within a mere 5-minute stroll from Halifax's finest shopping, gourmet restaurants, lively bars, and entertainment hotspots, this property offers unparalleled convenience and lifestyle. Moreover, its proximity to hospitals and esteemed universities enhances its desirability, ensuring top notch tenants. Lucrative Rental Income. With a prime location and premium amenities, it's no surprise that this property commands impressive rental rates. Currently leased until April 2025 for $7100 per month, the primary house alone contributes significantly to the substantial NET INCOME of $152,497. Additionally, the property features two 1-bedroom suites and a 4-bedroom suite, all offering attractive rents, further bolstering its profitability. Versatility and Potential. The beauty of this property lies in its versatility. With the flexibility to accommodate various uses, from a lucrative investment venture to a remarkable family home with supplementary income, the possibilities are endless. Whether you're an astute investor or a discerning homeowner, this property offers a lifestyle that goes along with it. Prepare to be captivated by the multitude of outstanding features this home and building possess. (id:27476)

Property Highlights

Type
Fourplex
Cooling type
Heating fuel
Fireplace
No
Construction material
Wood shingles
Parking space
Ownership Type
Freehold
Amenities nearby
Park, Public Transit, Shopping, Place of Worship

Location

Summary

Located in the heart of Downtown Halifax, in the prestigious Schmidtville Heritage neighborhood, this exceptional property offers a unique opportunity for both a family home and supplementary income. The well-maintained, spacious apartments are highly sought after and generate great income, making this an attractive investment.

Within a 5-minute walk, you'll find the finest shopping boutiques, restaurants, bars, and entertainment venues that Halifax is renowned for. The property is also within walking distance to hospitals and esteemed universities, adding to its appeal as a family home with income potential.

The building underwent a complete renovation in 2019, including the addition of a full 3rd story with a wired for sound rooftop patio. The primary house spans over 3500 sq/ft and is currently leased until April 2025 for $7100 p/m. Additionally, there are two 1-bedroom suites and a 4-bedroom suite, all with impressive rents, resulting in a net income of $152,497. The building permits various uses, providing flexibility for the buyer to explore numerous possibilities.

Heated by natural gas and energy efficient, this property boasts a multitude of outstanding features. It is currently for sale and offers a land size of under 1/2 acre. The building exterior finish is wood shingles, and it is classified as a Fourplex. The property is located at 1278 Queen Street in Halifax, Nova Scotia, with a postal code of B3J2H4.

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