5-12+ Units - Multi-Unit Investments
1178 Queen Street
2-Halifax South
Halifax
B3H 2S3
$1,500,000
Multi-Family
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202511167
- Photos (29)
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Prime 5-Unit Investment Property in Downtown Halifax. Located in the heart of the highly sought-after South End of Halifax, this exceptional 5-unit building on Queen Street presents a rare investment opportunity. Just minutes from major hospitals, both Dalhousie and Saint Mary’s Universities, and the vibrant Halifax waterfront, the location is second to none. This 8 bedroom, 5 bathroom, three-level building offers a mix of thoughtfully laid-out units—ranging from bachelor suites to three-bedroom apartments—most with private balconies and excellent natural light. Currently generating $7,208 in monthly rental income, all units are fully leased on fixed-term agreements, with a strong history of low vacancy and reliable quality tenants. Investors will appreciate the strong rental demand and premium market rents this property commands. A key upgrade includes the installation of a natural gas boiler system, contribute to lower operating costs and improved energy efficiency. Whether you're expanding your portfolio or seeking a solid income-generating asset in one of Halifax’s most desirable neighborhoods, this property checks all the boxes.
- From Spring Garden Rd turn down Queen St, Building on the right after South & Queen intersection
- Listing Sub-Area:
- 2-Halifax South
- Property Type:
- Multi-Family
- Multi-Family Type:
- 5 - 8 Unit
- Title To Land:
- Freehold
- Building Dimenions:
- 20x20
- Lot Size:
- 2,731 sq. ft.254 m2
- Prop Size:
- Under 0.5 Acres
- Commercial / Retail Space:
- No
- # of Rental Units / Occupied:
- 5
- Exterior Finish:
- Vinyl
- Foundation:
- Stone
- Basement:
- Crawl Space, Full
- Floor Finish:
- Hardwood, Laminate, Tile
- Roof:
- Tar/Gravel
- Heating:
- Baseboard
- Fuel:
- Natural Gas
- Driveway:
- None
- Water Supply:
- Municipal
- Water And Sewage:
- 2273
- Sewer:
- Municipal
- Num Units:
- 5
- Num Bachelor Units:
- 2
- Num 1 Bed Units:
- 1
- Num 2 Bed Units:
- 1
- Num 3 Bed Units:
- 1
- # Of Dryers:
- 1
- # Of Fridges:
- 5
- # Of Stoves:
- 5
- # Of Washers:
- 1
- Rental Income:
- Yes, $86503
- Approx. Net Income:
- 59976
- Insurance Expense:
- $3983
- Taxes Costs:
- 10616
- Maintenace:
- 852.0
- Snow / Garbage Collection:
- 2025
- Heating Bill:
- 6018
- Electricity Bill:
- 757
- Approx. Total Expense:
- 26526
- Approx. Total Income:
- $86503
- Balcony, Laundry
- Washer/Dryer, Appliances
- Tenants Belongs
- Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship
- Stove, Dryer, Washer/Dryer Combo, Refrigerator
- None
- Deck, Patio, None
- No
- Zoning:
- ER-2
- Possession Info:
- Negotiable
- Elementary School:
- St. Mary'S Education Centre/ Aca
- 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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Listed by Bryant Realty Atlantic
Data was last updated May 25, 2025 at 03:20 AM (UTC)
Area Statistics
- Listings on market:
- 16
- Avg list price:
- $1,497,500
- Min list price:
- $949,900
- Max list price:
- $3,300,000
- Avg days on market:
- 55
- Min days on market:
- 10
- Max days on market:
- 821
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