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Renanza Realty
For sale

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

Listing 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.

Estimated monthly payment$7,677 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

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.