817 Tower Road, 5791 Harrington Dr
Halifax Peninsula, Nova Scotia
MLS® 202623152
$1,650,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 202623152
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1935
1 / 47Listing description
Nothing else like it on the market! Immediately adjacent to Saint Marys University, 817 Tower Road/5791 Harrington Drive is a legal triplex offering established income and exceptional upside in one of Halifaxs strongest rental locations. Spanning approximately 4,000 sq.
ft. , the property is configured as three self-contained apartments, one on each level, with ten bedrooms currently rented under three fixed-term leases. Significant renovations completed over the past eight years include fire separation, extensive electrical upgrades with new meters and panels, a newer natural-gas heating system, three bathrooms, two kitchens, approximately 80% replacement windows and additional improvements.
Current rents are believed to be below market, while the building offers the potential to accommodate up to 14 individually rented bedrooms under a shared-housing model, potentially increasing gross rental income by approximately 46%. The upper apartment includes four rented bedrooms, two full bathrooms and two existing loft rooms, with water and sewer roughed in for a potential additional bathroom. The main-floor apartment contains three bedrooms and generous living space that could potentially be reconfigured to create two additional rooms.
The walkout ground-level apartment includes three bedrooms and its own living and kitchen areas. Additional highlights include coin-operated laundry, separate electrical meters, parking for four vehicles and a registered right-of-way from Harrington Street. Walk to universities, hospitals, downtown, transit, restaurants, cafés, shopping and everyday amenities, with Point Pleasant Park only minutes away.
Shared-housing potential, projected income and alterations are estimates only and subject to purchaser verification and all required approvals, permits and other requirements. Detailed financials, floor plans and other property information are available through the listing agent. Access for viewings is from 817 Tower Road only.
Property summary
- MLS® number
- 202623152
- Property type
- Multi-family
- Building type
- Triplex
- Title
- Freehold
- Land size
- 0.141 acres
- Built in
- 1935
- Parking
- Paved Yard
- Days on market
- 3 days
Features & details
- Heating
- Baseboard heaters, Electric, Natural gas, Radiator, Hot Water
- Flooring
- Tile, Hardwood, Laminate, Vinyl
- Appliances
- Washer, Refrigerator, Range, Dryer
- Exterior features
- Wood shingles
- Community features
- School Bus, Recreational Facilities
What would this home cost you?
Based on the $1,650,000 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 Century 21 Optimum Realty, Waverley.
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.