5-12+ Units - Multi-Unit Investments
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202505547
- Photos (24)
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5484-86 Clyde Street offers an investment opportunity to own an 8 unit apartment project in the heart of Downtown Halifax. Unit mix includes 6 x 2 bedrooms, and 2 x 1 bedrooms. The building was brought down to the studs and completely retrofitted in 2018. All units were renovated with new bathrooms, kitchens, in-suite ductless electric heat pumps, in-suite washers and dryers, and individual water tanks. This is perfect for an investor looking for a long-term hold with minimal upkeep. The property is located in the heart of the South End of Halifax, just south of Spring Garden Road. The location offers many amenities within walking distance including restaurants, shopping, the Halifax Central Library, and the Park Lane mall.
- From Spring Garden Road heading East, turn right on to Birmingham Street, then turn left on to Clyde Street. Property is on your right.
- Listing Sub-Area:
- 2-Halifax South
- Property Type:
- Multi-Family
- Multi-Family Type:
- 5 - 8 Unit
- Title To Land:
- Freehold
- Building Dimenions:
- 53 x 42
- Lot Size:
- 5,001 sq. ft.
- Prop Size:
- Under 0.5 Acres
- Commercial / Retail Space:
- No
- # of Rental Units / Occupied:
- 8
- # Floors:
- 2
- Exterior Finish:
- Cementitious Board, Wood Siding
- Foundation:
- Concrete
- Basement:
- Fully Developed, Walkout
- Floor Finish:
- Carpet, Hardwood, Laminate, Tile
- Roof:
- Other
- Heating:
- Baseboard, Heat Pump -Ductless
- Fuel:
- Electric
- Parking:
- Yes
- Parking Description:
- 4 marked parking spaces at rear of building.
- Driveway:
- Parking Spaces(s), Paved, Shared
- Water Supply:
- Municipal
- Water And Sewage:
- $3,754
- Sewer:
- Municipal
- Num Units:
- 8
- Num 1 Bed Units:
- 2
- Num 2 Bed Units:
- 6
- # Of Dishwashers:
- 8
- # Of Dryers:
- 8
- # Of Fridges:
- 8
- # Of Microwaves:
- 8
- # Of Stoves:
- 8
- # Of Washers:
- 8
- Rental Income:
- Yes, $183,552
- Laundry Income:
- $325
- Other Income:
- $5,520
- Approx. Net Income:
- $150,134
- Insurance Expense:
- $7,216
- Taxes Costs:
- $11,183
- Management expense:
- $5,506
- Snow / Garbage Collection:
- $7,232
- Heating Bill:
- $0
- Electricity Bill:
- $553
- Approx. Total Expense:
- $39,263
- Approx. Total Income:
- $189,397
- Air Conditioning, Apt Conforming, Balcony, Cable, Intercom, Laundry, Telephone
- Tenant possessions
- Park, Public Transit, Shopping, Place of Worship
- Range - Electric, Dishwasher, Washer/Dryer Combo, Microwave Rng Hd Combo, Refrigerator
- None
- Deck
- No
- Zoning:
- HCD-SV
- Possession Info:
- Negotiable. Subject to tenancies.
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Front Of Structure -
Entry
-
Stairs
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Living Room
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Living Room
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Bedroom
-
Bedroom
-
Laundry
-
Entry
-
Stairs
-
Kitchen
-
Living Room
-
Bedroom
-
Bedroom
-
Laundry
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Utility Room
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Front Of Structure
-
Front Of Structure
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Entry
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Exterior mail box
-
Entry
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Side Of Structure
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Rear View
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Back parking
Listed by Keller Williams Select Realty (Branch)
Data was last updated March 31, 2025 at 11:20 AM (UTC)
Area Statistics
- Listings on market:
- 10
- Avg list price:
- $1,497,450
- Min list price:
- $949,900
- Max list price:
- $3,300,000
- Avg days on market:
- 68
- Min days on market:
- 10
- Max days on market:
- 767
These statistics are generated based on the current listing's property type
and located in
2-Halifax South. 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
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