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Nova Scotia Multi-Unit Apartment Buildings For Sale

1624 & 1626 Edward Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202200604

1624 & 1626 Edward Street Halifax B3H 3J1 : 2-Halifax South

Main Photo: 1624 & 1626 Edward Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202200604banner
$1,299,900
Prop. Type:
Multi-Family
MLS® Num:
202200604
Status:
Active
Year Built:
1936
1624 & 1626 Edward Street offers any buyer an opportunity to own an over/under duplex property in a high demand area of Halifax. Situated close to all amenities, and just a few minutes walk from Dalhousie University, Saint Mary's University, Point Pleasant Park and the Public Gardens. Are you looking for a multi-unit investment property? Are you looking for a property where your kids can be close to Dalhousie or Saint Mary's University? Whatever your needs, 1624 & 1626 Edward Street could be that 'just right' property for you! The main floor unit (#1624) can be configured as a 4 bedroom or a 3 bedroom plus a living room. A nice size kitchen and 4 pc bath make for a functional unit that is always fully rented and easy to maintain. The upper unit (#1626) boasts plenty of space - 4 Bedrooms, kitchen, living/dining area, a 4 pc bath and a 2 pc bath. Unit 1624 has a front entry balcony deck, while 1626 has the upper front balcony and a large upper deck on the rear. The laundry area is located in the basement which also has plenty of storage space to share. Parking for two vehicles adds for convenience and security. New roof shingles (2020). New back deck and upper front balcony (2020). HRM zoning allows for addition of a garage/secondary suite at the rear of the property. Book a showing and enjoy investment and ownership at 1624/1626 Edward Street in Halifax!
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
Duplex
Title To Land:
Freehold
Building Dimenions:
23.10 x 41.5 + Jog
Outside Dimenions:
23.10 x 41.5 + jog
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
2
Year built:
1936 (Age: 86)
Age:
86
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Undeveloped
Floor Finish:
Hardwood, Vinyl
Roof:
Asphalt Shingle
Heating:
Furnace, Hot Water, Radiant
Fuel:
Oil
Garage Description:
N/A
Parking:
Yes
Parking Description:
Double - 2 vehicles - front to back
Driveway:
Double, Gravel
Water Supply:
Municipal
Water And Sewage:
$1650
Sewer:
Municipal
Num Units:
2
Num 4 Bed Units:
2
# Of Dryers:
2
# Of Fridges:
2
# Of Microwaves:
2
# Of Stoves:
2
# Of Washers:
2
Rental Income:
Yes, $68100
Approx. Net Income:
$47365
Insurance Expense:
$4520
Taxes Costs:
$5900
Maintenace:
1200.0
Heating Bill:
$5750
Electricity Bill:
$1985
Approx. Total Expense:
$20735
Approx. Total Income:
$68100
Balcony, Laundry
2 x stove, 2 x fridge, 2 x washer, 2 x dryer
Tenant contents
Park, Playground, Public Transit, Recreation Center, Shopping, Place of Worship
Stove, Dryer, Washer, Refrigerator
None
Deck
No
Lot 20 Block C
Assessment:
584100.0
Assessment Year:
2021
Zoning:
ER-2
Elementary School:
Lemarchant - St Thomas Elementar
Middle School:
Halifax Central Junior High Scho
High School:
Citadel High School
French Imm Elementary School:
Lemarchant - St Thomas Elementar
French Imm Middle School:
Gorsebrook Junior High School
French Imm High School:
Citadel High School
Possession Info:
Negotiable
Listed by Exit Realty Metro
Data was last updated January 23, 2022 at 03:20 AM (UTC)
GAIL NAUGLER
COHEN MACINNIS

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Office Location:

7071 Bayers Road, Suite 102 Halifax NS B3K 2S2 CA

Nova Scotia Income Property | Nova Scotia Multi-Unit Apartment Buildings For Sale

Cohen has been involved with many aspects of the real estate industry since 2006. This includes residential and commercial renovations, property management and investing in multi-family income properties after purchasing first apartment building at age of 19, He built Highland Place Group Inc. to over 50 rental units at its peak.


A passion for real estate has made Cohen a top performer – winning an International Sterling Society Award placing him in the top 12% of agents worldwide with Coldwell Banker and more recently the RE/MAX Executive Club Award in both 2013, 2014 and RE/MAX 100% Club in 2015 and 2016 placing him among top agents under 30 - A young leader in the Halifax marketplace.

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