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625 Herring Cove Road, 627 Herring Cove Road Halifax, Nova Scotia B3R 1X8

8 Bedroom 4 Bathroom 4185 sqft
Landscaped

$974,900

Renovated Turnkey Side by Side Duplex. Investment with Exceptional Upside. Welcome to 625/627 Herring Cove Rd, an extensively renovated, vacant, move in ready duplex where every detail has been upgraded, offering incredible flexibility for investors, developers, or homeowners. From top to bottom, this property has been completely transformed with two separate 200amp panels, one per unit, all new electrical, plugs, lighting, & thermostats, new efficient electric baseboards, hardwired smoke detectors, all new plumbing, vinyl plank flooring throughout, new trim, closet doors, interior & exterior doors, renovated kitchens with new appliances & all new hardware throughout, updated bathrooms, new stairs, new front & back porches, new windows from the main level down, & fresh paint throughout, truly making this feel like a brand new home in duplex form. The opportunities here are unmatched, subdivide & sell individually with services already separated, estimated at approximately $20K to complete, with strong comparable sales, including nearby properties sale supporting resale values of $550K+/side, hold as a strong income property generating approximately $2800+/month per unit plus utilities, with tenants responsible for all power & water, previously rented at this rate, resulting in over $60K NET annual income, approximately $2400/year in taxes & $2000/year in insurance, & an estimated 6.4% cap rate, well above many comparable duplexes currently trading in the 4-5% range, or house hack by living in one unit & renting the other to offset your mortgage. Located just 15 mins to downtown Halifax in a rapidly developing area with significant nearby growth, large scale developments close to the property & with comparable peninsula properties exceeding $1M in cost generating similar rents, this location is primed for appreciation, making this a rare turnkey investment with multiple strategies that delivers on every level. (id:49105)

Property Details

MLS® Number 202609440
Property Type Single Family
Community Name Halifax
Amenities Near By Golf Course, Park, Public Transit, Shopping, Place Of Worship
Community Features Recreational Facilities
Features Level, Sump Pump

Building

Bathroom Total 4
Bedrooms Above Ground 6
Bedrooms Below Ground 2
Bedrooms Total 8
Appliances Range - Electric, Dishwasher, Washer/dryer Combo, Refrigerator
Basement Development Partially Finished
Basement Type Full (partially Finished)
Construction Style Attachment Side By Side
Exterior Finish Brick, Vinyl, Concrete
Flooring Type Ceramic Tile, Tile, Vinyl Plank
Foundation Type Poured Concrete
Stories Total 2
Size Interior 4185 Sqft
Total Finished Area 4185 Sqft
Type Duplex
Utility Water Municipal Water

Parking

Gravel
Paved Yard

Land

Acreage No
Land Amenities Golf Course, Park, Public Transit, Shopping, Place Of Worship
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Irregular 0.1194
Size Total 0.1194 Ac
Size Total Text 0.1194 Ac

Rooms

Level Type Dimensions
Second Level Primary Bedroom 15. x 9.11
Second Level Primary Bedroom 14.10 x 9.11
Second Level Bedroom 11.5 x 9.1
Second Level Bedroom 10.11 x 9.10
Second Level Bedroom 10.10 x 10
Second Level Bedroom 11.4 x 9
Second Level Bath (# Pieces 1-6) 8.1 x 5.6
Second Level Bath (# Pieces 1-6) 8.2 x 5.6
Basement Bedroom 12.5 x 11.9
Basement Bedroom 9.6 x 11.5
Basement Bath (# Pieces 1-6) 7.2 x 5.7
Basement Bath (# Pieces 1-6) 4.11 x 8
Basement Laundry Room 11.1 x 9.7
Basement Laundry Room 11.7 x 14.9
Main Level Living Room 14.8 x 11.2
Main Level Living Room 14.5 x 11.2
Main Level Kitchen 11.10 x 9.10
Main Level Kitchen 10.2 x 10.1
Main Level Dining Room 10.7 x 9.4
Main Level Dining Room 10.4 x 9.2

https://www.realtor.ca/real-estate/29690187/625-herring-cove-road-627-herring-cove-road-halifax-halifax

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