5571 Fenwick Street
Halifax Peninsula, Nova Scotia
MLS® 202602006
$929,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 202602006
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 31Listing description
Excellent opportunity to acquire a fully rented triplex in the heart of downtown Halifax, one of the citys strongest and most consistent rental markets with CEN-2 Zoning. The property offers three self-contained units, including two 2-bedroom units and one 1-bedroom unit, all currently rented on fixed-term leases, providing immediate and reliable income. Each unit offers a functional layout, good natural light, and a comfortable blend of character and modern updates.
The building generates approximately $66,600 in annual rental income, with tenants paying their own heat and electricity, contributing to efficient operating costs. The current owner has invested approximately $100,000 in recent upgrades, significantly reducing future capital requirements. Improvements include all new electrical, conversion to electric heating, plumbing upgrades, in-unit washers and dryers in all units, new water heaters, bathroom upgrades, flooring upgrades, and a dishwasher added to the main-floor unit.
Well-located within walking distance of universities, hospitals, transit, shopping, and downtown amenities, this property offers strong tenant demand and long-term investment stability. A turnkey asset ideal for investors seeking solid income in a proven location.
Property summary
- MLS® number
- 202602006
- Property type
- Multi-family
- Building type
- Triplex
- Title
- Freehold
- Land size
- 0.0534 acres
- Parking
- Gravel
- Days on market
- 226 days
Features & details
- Heating
- Baseboard heaters, Electric
- Flooring
- Laminate, Ceramic Tile, Linoleum, Wood, Vinyl Plank
- Appliances
- Refrigerator, Dishwasher, Stove, Washer/Dryer Combo
- Exterior features
- Wood shingles
- Community features
- School Bus, Recreational Facilities
What would this home cost you?
Based on the $929,900 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 One Percent Realty East Inc., Bedford.
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.