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1278 Queen Street Halifax, Nova Scotia B3J 2H4

$2,499,000

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:49105)

Property Details

MLS® Number 202227429
Property Type Multi-family
Community Name Halifax
Amenities Near By Park, Public Transit, Shopping, Place Of Worship
Community Features Recreational Facilities, School Bus
Features Balcony

Building

Amenities Fireplace(s)
Appliances Dishwasher, Washer/dryer Combo, Refrigerator
Constructed Date 1880
Exterior Finish Wood Shingles
Flooring Type Ceramic Tile, Hardwood, Tile
Foundation Type Block, Concrete Perimeter, Concrete Slab
Type Fourplex
Utility Water Municipal Water

Parking

Gravel
Parking Space(s)
Shared

Land

Acreage No
Land Amenities Park, Public Transit, Shopping, Place Of Worship
Sewer Municipal Sewage System
Size Total Text Under 1/2 Acre

https://www.realtor.ca/real-estate/25135399/1278-queen-street-halifax-halifax

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