2-4 Unit - Multi-Units Investments
5571 North Street
1-Halifax Central
Halifax
B3K 1N1
$1,199,000
Multi-Family
built: 1967
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202503730
- Year Built:
- 1967
- Photos (19)
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Exceptional investment opportunity awaits at 5571 North Street. This well-maintained multi-unit is priced below recently appraised value, featuring four spacious two-bedroom units, each with in-suite laundry, fully occupied, all on fixed-term leases, ensuring reliable and consistent rental income. Recent upgrades (since 2019) include modernized kitchens with updated appliances, new flooring, wiring, drywall, and paint, along with four brand-new bathrooms, new washers, dryers, and water tanks for each unit, plus updated windows to improve energy efficiency, and the roof (2024). Situated in a high-demand location, this property is a prime addition to any investment portfolio, offering both immediate returns and long-term growth potential. Zoned ER-2, it also provides the opportunity to expand by adding one or two additional units in the basement. Don’t miss out on this turn-key investment!
- Robie St to North St
- Listing Sub-Area:
- 1-Halifax Central
- Property Type:
- Multi-Family
- Multi-Family Type:
- Fourplex
- Title To Land:
- Freehold
- Building Dimenions:
- 62x28
- Lot Size:
- 3,136 sq. ft.291 m2
- Prop Size:
- Under 0.5 Acres
- # of Rental Units / Occupied:
- 4
- Year built:
- 1967 (Age: 58)
- Age:
- 58
- Exterior Finish:
- Vinyl
- Foundation:
- Stone
- Basement:
- Full, Walkout
- Floor Finish:
- Ceramic, Laminate, Vinyl
- Roof:
- Tar/Gravel
- Heating:
- Baseboard
- Fuel:
- Electric
- Parking:
- Yes
- Parking Description:
- Paved
- Driveway:
- Paved
- Water Supply:
- Municipal
- Water And Sewage:
- 1765
- Sewer:
- Municipal
- Num Units:
- 4
- Num 2 Bed Units:
- 4
- # Of Dishwashers:
- 4
- # Of Dryers:
- 4
- # Of Fridges:
- 4
- # Of Stoves:
- 4
- # Of Washers:
- 4
- Rental Income:
- Yes, 86046
- Approx. Net Income:
- 73998.92
- Insurance Expense:
- 3682
- Taxes Costs:
- 6600.08
- Approx. Total Expense:
- 12047.08
- Approx. Total Income:
- 86046
- Tenants belongings
- Public Transit, Shopping, Place of Worship
- Stove, Dishwasher, Dryer, Washer, Refrigerator
- None
- Deck
- No
- Zoning:
- ER_2
- Possession Info:
- Negotiable
- Elementary School:
- St Joseph's - Alexander Mckay El
- French Imm Elementary School:
- St Joseph's - Alexander Mckay El
- French Imm High School:
- Citadel High School
- French Imm Middle School:
- Oxford School
- High School:
- Citadel High School
- Middle School:
- Highland Park Junior High School
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Listed by Royal LePage Atlantic
Data was last updated March 31, 2025 at 11:20 AM (UTC)
Area Statistics
- Listings on market:
- 76
- Avg list price:
- $1,199,450
- Min list price:
- $284,000
- Max list price:
- $7,500,000
- Avg days on market:
- 60
- Min days on market:
- 4
- Max days on market:
- 767
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