2-4 Unit - Multi-Units Investments
2-4 Unit - Multi-Unit Investment
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358-360 St Margarets Bay Road in Armdale: 8-Armdale/Purcell's Cove/Herring Cove Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202527574
358-360 St Margarets Bay Road Armdale B3N 1J9 
$749,900Multi-Family- Status:
- Pending
- MLS® Num:
- 202527574
INVESTOR ALERT – Rare value add opportunity in one of Halifax’s strongest rental corridors. This solid multi unit property includes three spacious two bedroom units plus an existing non legal one bedroom basement suite and offers investors a rare advantage of all units vacant at closing, allowing a buyer to immediately renovate, set market rents, and reposition the building to maximize returns from day one. Each upper unit is self contained with its own entrance, hardwood floors, updated windows, and private balconies that provide excellent natural light. The building is efficiently configured with four electrical panels and separate hot water heaters, with tenants paying their own electricity, helping keep operating costs low and management simple. Recent improvements include new siding and fresh paint in two units, reducing near term capital requirements while maintaining strong tenant appeal. Situated on a 50 x 145 ft lot with parking for at least five vehicles, the property offers excellent tenant convenience in a desirable rental location. For investors focused on maximizing value, there is strong upside through renovations and repositioning. Updating the units with modern kitchens and finishes, adding shared laundry, and exploring the opportunity to legalize and improve the existing basement suite (subject to municipal approval) could significantly increase income potential. Based on current market estimates, renovated two bedroom units could achieve approximately $2,000 per month plus utilities, with the one bedroom basement unit estimated around $1,500 per month, creating potential gross rental income of approximately $90,000 annually once stabilized. Ideally located minutes from the Armdale Rotary, Chocolate Lake, and major transit routes, this fully vacant property presents investors with a rare opportunity to renovate, increase rents, and unlock strong long term cash flow and long term equity growth in Halifax’s high demand rental market. More detailsListed by Century 21 Optimum Realty- Angela Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 9022927826
- Angela@LeamanRE.ca
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5554- 5556 Atlantic Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202526647
5554- 5556 Atlantic Street Halifax B3H 1G4
$1,480,000Multi-Family- Status:
- Active
- MLS® Num:
- 202526647
Welcome to this fabulous triplex in the heart of Deep Southend Halifax peninsula! Ideally located minutes from Point Pleasant Park (18 hectares of Halifax Harbour), Saint Mary's University, The Sacred Heart, HGS.. Easy walking distance to CBD, Dalhousie, NSCAD and hospitals. The main floor is a gracious Edwardian two-bedroom unit consisting of spacious living room with sliding wooden doors opening to a separate dining room with gas fireplace. Lovely hardwood floors, cove moldings, beautiful natural light throughout. spacious eat-in kitchen opening to private deck with access to parking area. Smart updated efficient 3-piece bath with new window, access to lower-level laundry for this unit only, hot water furnace 2012 and inside oil tank 2016 for main unit. The space could easily be developed for greater space for main unit or possible 4th unit with exterior access from the present back window area. There is a lovely interior hardwood staircase to the upper two apartments. Welcome to the upper missile unit, a spacious unit with a sunny living room and cove mouldings! This unit is carpeted with lovely tile in the kitchen. There is a large bedroom and a smaller one or home office. This unit's bath (3 pc + water closet) facilities have been professionally renovated with new window. There is a smaller eat-in kitchen, bright & sunny for that morning tea. opening to the most wonderful large, private second floor deck set amongst the mature trees! Ideal place to escape from the world. There is exterior access from this upper unit and to tenant parking at the back. To top it off... welcome to The Treehouse! A spacious funky bedsitting room set amongst the treetops, with raised sleeping area and loads of storage underneath. Well designed with open kitchen area, carpeted throughout with cathedral ceiling and ceiling fan. The efficient kitchen area opens to exterior backstairs and small sitting area, great for that morning tea. Parking area at thew back is off MacLean Street. More detailsListed by Keller Williams Select Realty- Angela Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 9022927826
- Angela@LeamanRE.ca
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5283 South Street in Halifax Peninsula: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth) : MLS®# 202526569
5283 South Street Halifax Peninsula B3J 1A3
$1,550,000Multi-Family- Status:
- Active
- MLS® Num:
- 202526569
Presenting an exceptional investment opportunity in Halifax’s prestigious South End, 5283 South Street is a partially occupied, cash flow–positive triplex offering a rare combination of strong rental performance, prime location, and future development potential. The property features two spacious 4-bedroom units and one 2-bedroom apartment, each well-maintained and highly appealing to student and professional tenants. With six dedicated parking spaces, furnished rooms, included appliances, and shared coin-operated laundry, this property operates efficiently with proven rental history. Perfectly situated between Dalhousie University and Saint Mary’s University, and within walking distance to hospitals, restaurants, anddowntown amenities, it offers unbeatable convenience and enduring rental demand. Adding further value, the 6000 sq. ft. lot allows for a potential 4-unit backyard suite—making this a secure, high-performing investment in one of Halifax’s most desirable neighborhoods. More detailsListed by Keller Williams Select Realty- Angela Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 9022927826
- Angela@LeamanRE.ca
Data was last updated April 12, 2026 at 11:20 AM (UTC)
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