5-12+ Units - Multi-Unit Investments
5168-5170 Morris Street
2-Halifax South
Halifax
B3J 1B3
$999,900
Multi-Family
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202501832
- Photos (47)
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This is an excellent opportunity to invest in the most sought after location in Halifax, either as an owner occupied or pure investment. This 3 storey walk-up features 5 character filled one bedroom apartments, each with their own charm. We have one vacant unit ready for you to move into or rent out at market value, most of the other units are below current market rents. For the first time investor this is the perfect place, an exceptional location, the ability to put your own stamp on the building, manage a simple building all while having the option to live in a really cool apartment. Three of the leases are year to year, one is a term lease. For the savvy investor the finances have upside as tenants turn over, while the location will always be a pure blue chip part of your portfolio. A couple of things to know, there is no parking, the income is approximated based on the current unit being occupied, the expenses are based on 2023 actuals. The units generally show well and the tenants are excellent. The building is approximately 155 years old- so think charming, cool floors, nice trim and lots of character and the maintenance that goes with it. This is an absolute must see for investors in Halifax.
- Barrington Street to Morris Street.
- Listing Sub-Area:
- 2-Halifax South
- Property Type:
- Multi-Family
- Multi-Family Type:
- 5 - 8 Unit
- Title To Land:
- Freehold
- Building Dimenions:
- Irregular
- Lot Size:
- 1,620 sq. ft.151 m2
- Prop Size:
- Under 0.5 Acres
- Commercial / Retail Space:
- No
- # of Rental Units / Occupied:
- 4
- # Floors:
- 3
- Exterior Finish:
- Aluminium Siding, Wood Siding
- Foundation:
- Stone
- New Constr.:
- No
- Basement:
- Full, Partially Developed
- Floor Finish:
- Carpet, Hardwood, Laminate, Linoleum
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard, Hot Water, Radiator
- Fuel:
- Natural Gas
- Parking:
- No
- Driveway:
- None
- Water Supply:
- Municipal
- Water And Sewage:
- 2600
- Sewer:
- Municipal
- Num Units:
- 5
- Num 1 Bed Units:
- 5
- # Of Dryers:
- 1
- # Of Fridges:
- 5
- # Of Stoves:
- 5
- # Of Washers:
- 1
- Rental Income:
- Yes
- Approx. Net Income:
- 33624.70
- Insurance Expense:
- 4000
- Taxes Costs:
- 10939
- Other Costs:
- 6400
- Management expense:
- 5200
- Heating Bill:
- 8386.30
- Electricity Bill:
- 850
- Approx. Total Expense:
- 38375
- Approx. Total Income:
- 72000
- Public Transit, Shopping, Place of Worship
- None
- None
- No
- Zoning:
- DH-1
- Possession Info:
- Negotiable
- Elementary School:
- Saint Mary's Elementary School
- French Imm Elementary School:
- Lemarchant - St Thomas Elementar
- French Imm High School:
- Citadel High School
- French Imm Middle School:
- Gorsebrook Junior High School
- High School:
- Citadel High School
- Middle School:
- Gorsebrook Junior High School
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Virtual Tour
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Listed by Royal LePage Atlantic
Data was last updated February 22, 2025 at 05:20 PM (UTC)
Area Statistics
- Listings on market:
- 68
- Avg list price:
- $1,143,950
- Min list price:
- $289,000
- Max list price:
- $7,500,000
- Avg days on market:
- 41
- Min days on market:
- 1
- Max days on market:
- 730
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