Royal LePage Atlantic

1524/1526 Chestnut Street

Halifax, NS, B3H 3T1

MLS®: 201822576
Listed on September 11, 2018 (9 Days)
Updated on September 12, 2018 @ 04:20 PM

Summary

MLS®
201822576
PID
03036251
List Price
$1,685,000
Status
Active
Zoning
Type
Triplex
Lot Size
5300
Water
Municipal
Sewage
Municipal
Garage
N
Waterfront
N

Overview

1524/1526 Chestnut Street, Halifax (MLS® 201822576): 19-bedroom, 3-unit investment property. Located next to Dalhousie University, this substantial building has not had a vacancy in over five years, predominately due to its unbeatable location and large bedroom and unit size. With full occupancy until September 2019, this structure operates more as a 19-unit apartment building rather than a triplex. With continuous, sizable returns, this one of a kind property covers the 3 main items an investor looks for: 1) Debt Reduction 2) Capital Appreciation 3) Positive Cash Flow. Well-maintained and upgraded over the years, the downstairs unit consists of 5 bedrooms with an upgraded kitchen and common space. The main floor unit consists of 8 very large bedrooms, 2 and ½ baths, a large common area, and an open-concept kitchen. High ceilings paired with crown molding and elegant features compliment this unit’s character. The 3rd unit has an additional 6 bedrooms and 2 baths with an upgraded living room and kitchen. Each unit has at least 2 baths and laundry. Additional revenue is earned through parking and storage rental. Do not miss out on this opportunity!

Listing Courtesy of Domus Realty Limited

Inclusions

7 fridges, 2 dishwasher, 3 washer, 3 dryers, 2 stoves, wall oven, stove top, 3 mounted TVs, 3 couches.

Exclusions

All tenants belongings.

Features

  • Apt Conforming
  • Cable
  • Family Room
  • Heat/Air Exchange
  • Storage
  • Balcony
  • Dining Room
  • Fireplace(s)
  • Laundry
  •  

Community Features

  • public Transit
  •  

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Sheila Banser
Sheila Banser