5-12+ Units - Multi-Unit Investments
12-22 Penwood Lane
21-Kingswood, Haliburton Hills, Hammonds Pl.
Upper Hammonds Plains
B4B 2J1
$2,325,000
Multi-Family
built: 2023
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202609109
- Year Built:
- 2023
- Photos (44)
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Rare opportunity to acquire a newly built six-unit bungalow townhouse building, offering a total of 6 modern residential units designed for long-term rental appeal, low-maintenance ownership, and strong tenant demand. Less than five years old, these slab-on-grade units provide investors with the confidence of newer construction, efficient systems, and a highly marketable unit mix. Each unit features a bright and functional bungalow-style layout with 2 bedrooms, 2 full bathrooms, an attached garage, stainless steel appliances, stone countertops, and a ductless heat pump providing efficient heating and cooling year-round. The single-level design appeals to a wide range of tenants, including downsizers, professionals, small families, and those seeking accessible, low-maintenance living. With modern finishes, private garages, and individual townhouse-style entrances, this offering stands apart from traditional apartment-style rentals. The combination of newer construction, desirable layouts, and durable finishes helps support tenant retention while reducing the capital improvement concerns often associated with older multi-unit assets. Purpose-built for today’s rental market, this is an excellent opportunity for investors seeking a stabilized, turnkey multi-residential asset with strong curb appeal, efficient operation, and long-term income potential. Units are currently at 100 percent occupancy! **Additional 6-units also available. Option for mortgage assumption or share sale to save on fees and streamline the process!
- From Hammonds Plains Rd take turn to Pockwock Rd then take left to Old Annapolis Rd then left to Penwood Lane.
- Listing Sub-Area:
- 21-Kingswood, Haliburton Hills, Hammonds Pl.
- Property Type:
- Multi-Family
- Multi-Family Type:
- 5 - 8 Unit
- Title To Land:
- Freehold
- Building Dimenions:
- 178 x 55
- Lot Size:
- 1.32 acre(s)0.53 hectare(s)
- Prop Size:
- 1 to 2.99 Acres
- Commercial / Retail Space:
- No
- # of Rental Units / Occupied:
- 6
- Year built:
- 2023 (Age: 3)
- Age:
- 3
- # Floors:
- 1
- Exterior Finish:
- Vinyl
- Foundation:
- Slab
- Basement:
- None
- Floor Finish:
- Laminate
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard, Heat Pump -Ductless
- Fuel:
- Electric
- Garage Description:
- Single and attached garage for each unit.
- Parking:
- Yes
- Parking Description:
- Multiple parking spots
- Driveway:
- Gravel
- Water Supply:
- Municipal
- Water And Sewage:
- 1,359.9
- Sewer:
- Septic
- Num Units:
- 6
- Num Bachelor Units:
- 0
- Num 1 Bed Units:
- 0
- Num 2 Bed Units:
- 6
- Num 3 Bed Units:
- 0
- Num 4 Bed Units:
- 0
- # Of Dishwashers:
- 6
- # Of Dryers:
- 6
- # Of Fridges:
- 6
- # Of Microwaves:
- 6
- # Of Stoves:
- 6
- # Of Washers:
- 6
- Rental Income:
- Yes, 154,501.56
- Approx. Net Income:
- 112,696.79
- Insurance Expense:
- 6,469.00
- Taxes Costs:
- 18,954.76
- Other Costs:
- 0
- Maintenace:
- 7622.16
- Management expense:
- 0
- Snow / Garbage Collection:
- 6,450.00
- Heating Bill:
- 0
- Electricity Bill:
- 948.95
- Approx. Total Expense:
- 41,804.77
- Approx. Total Income:
- 154,501.56
- Laundry, Wheelchair Access
- Golf Course, Park, Playground, Place of Worship
- Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator
- None
- None
- No
- 12 Penwood Lane Lot 1-B Upper Hammonds Plains Active Adult Housing
- Assessment:
- 2018800.0
- Assessment Year:
- 2026
- Zoning:
- GU-1
- Possession Info:
- Negotiable
- Elementary School:
- Hammonds Plains Consolidated Ele
- High School:
- Charles P Allen High School
- Middle School:
- Madeline Symonds Middle School
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Larger map options:
Listed by Coldwell Banker Maritime Realty
Data was last updated June 27, 2026 at 07:20 AM (UTC)
Area Statistics
- Listings on market:
- 123
- Avg list price:
- $834,000
- Min list price:
- $275,000
- Max list price:
- $6,595,000
- Avg days on market:
- 54
- Min days on market:
- 1
- Max days on market:
- 614
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- Angela Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 9022927826
- Angela@LeamanRE.ca

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