5-12+ Units - Multi-Unit Investments
498 St Margarets Bay Road
8-Armdale/Purcell's Cove/Herring
Halifax
B3N 1K4
$1,495,000
Multi-Family
- Status:
- Pending
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202424053
A rare opportunity to purchase a purpose built 6 unit building (2-1BR-4-2BR) located just up from the Armdale round-a-bout with a bus stop out front. A solid built building that has been extensively renovated and maintained in the last few years. Each unit has front and back doors and access to a large sunny backyard, hardwood floors throughout the units, 4 of the 6 units have updated/new kitchens and 5 of the 6 units have updated/new bathrooms. 1 unit has not been renovated but is in very good condition. Parking for 2 cars (end/end) for each unit. Check the document section for list of updates and renovations. This building is a buy and hold. A long term building that requires nothing. If you're looking at a solid investment that will bring you years of long term worry free ownership this building should be on your list.
- Listing Sub-Area:
- 8-Armdale/Purcell's Cove/Herring
- Property Type:
- Multi-Family
- Multi-Family Type:
- 5 - 8 Unit
- Title To Land:
- Freehold
- Building Dimenions:
- 28x57
- Outside Dimenions:
- 28x57
- Lot Size:
- 12,615 sq. ft.1,172 m2
- Prop Size:
- Under 0.5 Acres
- Commercial / Retail Space:
- No
- # of Rental Units / Occupied:
- 6
- Age:
- 72
- # Floors:
- 2
- Exterior Finish:
- Vinyl
- Foundation:
- Concrete
- New Constr.:
- Yes
- Basement:
- Full, Fully Developed, Walkout, Other
- Floor Finish:
- Ceramic, Hardwood, Vinyl Plank
- Roof:
- Rolled
- Heating:
- Baseboard, Furnace, Hot Water, Radiator
- Fuel:
- Oil
- Parking:
- Yes
- Parking Description:
- Parking lot completely repaved 2020 Parking for 2 cars (end/end) for each unit.
- Driveway:
- Paved, Other
- Water Supply:
- Municipal
- Sewer:
- Municipal
- Num Units:
- 6
- Num 1 Bed Units:
- 2
- Num 2 Bed Units:
- 4
- # Of Dishwashers:
- 1
- # Of Dryers:
- 5
- # Of Fridges:
- 6
- # Of Microwaves:
- 3
- # Of Stoves:
- 6
- # Of Washers:
- 5
- Rental Income:
- Yes, Actual 103,997
- Laundry Income:
- none
- Other Income:
- none
- Approx. Net Income:
- Actual 80,452.81
- Approx. Total Expense:
- Actual 23,524.19
- Approx. Total Income:
- Actual 103,997
- Apt Conforming, Balcony, Cable, Laundry
- 6 Fridges,6 Stoves 5 Washers 5 Dryers 1 Dishwasher, 3 Microwaves, Window coverings that do not belong to the tenants.
- None
- Deck
- No
- Assessment:
- 795500.0
- Assessment Year:
- 2024
- Zoning:
- R1
- Possession Info:
- As per Tenancy, 4 fixed term leases, 2 periodic leases
- Elementary School:
- Springvale Elementary School
- French Imm Elementary School:
- St Catherine's Elementary School
- French Imm High School:
- Citadel High School
- French Imm Middle School:
- Oxford School
- High School:
- Citadel High School
- Middle School:
- St Agnes Junior High School
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Larger map options:
Listed by City St Realty
Data was last updated November 12, 2024 at 05:20 PM (UTC)
Area Statistics
- Listings on market:
- 62
- Avg list price:
- $964,950
- Min list price:
- $389,900
- Max list price:
- $4,750,000
- Avg days on market:
- 45
- Min days on market:
- 4
- Max days on market:
- 628
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.
- Angela Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 9022927826
- Angela@LeamanRE.ca
- Trish Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 902-452-6023
- Trish@LeamanRE.ca