5571 Fenwick Street

About this home

Excellent opportunity to acquire a fully rented triplex in the heart of downtown Halifax, one of the citys strongest and most consistent rental markets with CEN-2 Zoning. The property offers three self-contained units, including two 2-bedroom units and one 1-bedroom unit, all currently rented on fixed-term leases, providing immediate and reliable income. Each unit offers a functional layout, good natural light, and a comfortable blend of character and modern updates. The building generates approximately $66,600 in annual rental income, with tenants paying their own heat and electricity, contributing to efficient operating costs. The current owner has invested approximately $100,000 in recent upgrades, significantly reducing future capital requirements. Improvements include all new electrical, conversion to electric heating, plumbing upgrades, in-unit washers and dryers in all units, new water heaters, bathroom upgrades, flooring upgrades, and a dishwasher added to the main-floor unit. Well-located within walking distance of universities, hospitals, transit, shopping, and downtown amenities, this property offers strong tenant demand and long-term investment stability. A turnkey asset ideal for investors seeking solid income in a proven location. (id:66966)

Details

Type

Triplex

Neighbourhood

Halifax Peninsula

Municipality

Halifax Peninsula

Interior

Fireplace

No

Appliances

Refrigerator, Dishwasher, Stove, Washer/Dryer Combo

Flooring

Laminate, Ceramic Tile, Linoleum, Wood, Vinyl Plank

Heating, cooling and services

Heating

Baseboard heaters, Electric

Water and sewer

Municipal sewage system

Building and exterior

Foundation

Concrete Perimeter

Outdoor

Wood shingles

Parking

Driveway and parking

Gravel

Location

Location is approximate. See nearby homes on the map