116 Coronation Avenue
Halifax, Nova Scotia
MLS® 202619259
$489,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 202619259
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1960
1 / 19Listing description
Investor opportunity or live in one unit and rent the other as the basement will be vacant mid-August! This 2-unit bungalow is located in the heart of Fairview and has a capitalization rate of 5. 6%.
The upper unit features 2 bedrooms, 1 bathroom, electric baseboard heating, and a ductless heat pump. The tenant currently pays $1,375/month + NSP on a fixed-term lease until September 30, 2026. The lower unit offers 1 bedroom, 1 bathroom, and was fully renovated in 2019.
It also includes electric baseboard heating and a ductless heat pump. The tenant currently pays $1,400/month + NSP on a fixed-term lease until August 31, 2026. There's enough parking for two cars, one for each unit.
With its prime Fairview location, this property offers strong rental appeal and consistent demand, making it easy to fill vacancies when they arise. Total rental income is $33,300. Property taxes for 2026 are $3,037.
28. Current annual insurance cost is $1,951. 92.
Last year's water bill expense was only $663. 39. Current NOI is $27,647.
41.
Property summary
- MLS® number
- 202619259
- Property type
- Multi-family
- Building type
- Duplex
- Title
- Freehold
- Land size
- 0.1374 acres
- Built in
- 1960
- Days on market
- 48 days
Features & details
- Heating
- Heat Pump, Baseboard heaters, Electric, Ductless
- Basement
- Full, Walk out
- Flooring
- Laminate, Ceramic Tile
- Exterior features
- Wood shingles
What would this home cost you?
Based on the $489,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Exit Realty Metro, Dartmouth.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.