A RARE OPPORTUNITY to acquire this well located, prime 2-unit cash flow positive income property in the Quinpool district of Halifax peninsula. A 6 bedroom main level unit, currently leased until May 2020 at $3750 per month and 4 bedroom upper level unit, currently leased until Sept 2020 at $2400 per month. This property is ideally located for the university student population being walking distance to DAL, SMU, QEII, IWK and all amenities. The investment opportunity offers a 6.79% CAP rate with current income/expenses. This property neighbours the approved Willow Tree Tower project and under the proposed Halifax Centre Plan this property has development potential (buyer to complete due diligence) situated across the street from the Former Saint Pats High School site and walking distance to recently completed projects like The Keep condominiums including ground floor tenants Starbucks and local favorite Morris East. This is your opportunity to contribute to the repositioning of the Qunipool District!
Robie Street to Quinpool Road to Parker to Civic 2027-2029
Title To Land:
Under 0.5 Acres
# of Rental Units / Occupied:
Hardwood, Laminate, Porcelain, Tile
Water And Sewage:
# Of Dishwashers:
# Of Dryers:
# Of Fridges:
# Of Stoves:
# Of Washers:
Approx. Net Income:
Approx. Total Expense:
Balcony, Cable, Laundry, Power, See Remarks, Storage, Telephone
2 Fridges, 2 Stoves, 2 Dishwasher
School Bus Service, Park, Public Transit, Playground, Shopping
Furnace, Propane Tank
2-Unit Income Property in Prime Location
Citadel High School
Nov 19, 2018
Days on Mkt:
Listing information last updated on January 11, 2019 at 05:28 PM (UTC)
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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