$1,369,900
Welcome to this exceptional opportunity in the heart of Halifax on vibrant Quinpool Road. Ideally located within walking distance to all amenities, this high-visibility property offers strong income and long-term upside in one of the citys most sought-after corridors. This fully leased mixed-use building features both residential and commercial components. The upper level includes two residential units, each offering 2 bedrooms, providing stable rental income. The main level is fully commercial and equipped with a commercial-grade kitchen, spacious seating area, and dedicated storage ideal for restaurant, café, or other service-based operations. Zoned COR (Corridor Zone), the property allows for a wide variety of permitted uses, offering flexibility for investors and future potential for repositioning or redevelopment. The building is currently generating $9,500 per month in rental income, delivering an attractive 7.74% cap rate after expenses a rare find in this prime central location. Opportunities like this do not come to market often on Quinpool Road. Secure a high-performing asset in a thriving urban hub. (id:49105)
Business
|
Business Type
|
Restaurant, Residential |
|
Business Sub Type
|
Restaurant, Residential |
Property Details
|
MLS® Number
|
202603641 |
|
Property Type
|
Retail |
|
Community Name
|
Halifax |
|
Amenities Near By
|
Public Transit, Shopping |
|
Community Features
|
High Traffic Area |
Building
|
Constructed Date
|
1952 |
|
Construction Material
|
Concrete Walls |
|
Flooring Type
|
Wood |
|
Total Finished Area
|
3200 Sqft |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit, Shopping |
|
Size Irregular
|
0.0488 |
|
Size Total
|
0.0488 Ac |
|
Size Total Text
|
0.0488 Ac |
https://www.realtor.ca/real-estate/29415812/6430-quinpool-road-halifax-halifax