There is no favorite listings!

Residential Income For Sale

0.23 Acre - 65 Gordon Avenue, Halifax Ns B3m 1e4

QR Code
Property Description

Exceptional Investment Opportunity: 4-Plex Townhouse Complex Discover an incredible investment opportunity with this well-maintained 4-plex townhouse complex, perfectly positioned to deliver significant returns. This property features four spacious two-storey townhouses, each offering 3 bedrooms and plenty of living space. With each unit separately metered for power and heating, tenants pay their own utilities, making this a low-maintenance and efficient investment. Property Highlights: 4 Townhouse Units: Each unit is thoughtfully designed with 3 bedrooms, private laundry, and access to a full basement (unfinished) for additional storage or potential future improvements. Utilities: Tenants are responsible for their own utilities (excluding cold water), offering a straightforward and hassle-free income stream. Undervalued Rent Potential: Two of the units are currently rented at below-market rates, providing an incredible upside for rental income. With all units adjusted to market rent, this property boasts a strong 6.99% cap rate at the asking price. Individual Features: Each townhouse includes a private paved driveway, access to a shared lawn space, 100-amp electrical service, an oil tank, and an individual furnace. Current Rental Income: Units are rented at $2,500 (Fixed lease), $2,500 (Fixed lease), $1,100 (Periodic lease), and $1,250 (Periodic lease) per month, with tenants responsible for their own utilities. This diverse rental structure offers stability with room for growth. Investor Potential: This 4-plex presents an extraordinary opportunity for both seasoned and new investors alike. With undervalued rents in two of the units, there is significant potential to increase revenue and enhance the property’s overall return. The convenience of individual metering and tenant-paid utilities further ensures a low operating cost, maximizing your net income. Seller is a licensed real estate member with the Nova Scotia Real Estate Commission.

Virtual Tour
Virtual Tour : Click Here
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 202419568
Price : C$1490000
Bedrooms : 12
Lot Area : 0.23 Acre
Status : Active
Listing Status : ACTIVE
Property Sub Type : Quadruplex
Roof : Asphalt
Features
Heating System : Forced Air
Basement : Full, Unfinished
Parking : Double, Paved
Sewer : Municipal
Laundry Features : Laundry
Flooring : Ceramic Tile, Hardwood
Appliances
Appliances : Dishwasher, Dryer, Microwave, Refrigerator, Washer, Stove
Address Map
Location Text : 65 Gordon Avenue, Halifax Ns B3m 1e4
County : Halifax
City : Halifax
Postal Code : B3M 1E4
Street : Gordon
Street Number : 65
Street Suffix : Avenue
Longitude : W64° 21' 30''
Latitude : N44° 39' 28.1''
Directions : 65 Gordon Ave Halifax
Mls Area Major : 6-Fairview
Zoning : R-2P
Property Details
Price Per SQFT : C$0
Search Price : C$0
Office Name : Air Realty Limited
Agent Name : Joshua Svec
Sales History
Previous Price : C$0
Original Price : C$0
Selling Price : C$0
Neighborhood Details
:
Additional Information
Water Source : Municipal
Virtual Tour : https://kuula.co/share/collection/7FzcS?logo=0&info=0&fs=1&vr=1&sd=1&initload=0&thumbs=1
Number Of Units Total : 4
Lot Features : Under 0.5 Acres
Foundation Details : Concrete Perimeter
Construction Materials : Wood Siding, Brick
Listing Information
List Agent Mls Id : N16727
List Office Mls Id : N17591
Mls Status : ACTIVE
Modification Timestamp : 2024-08-14T18:43:45Z
Originating System Name : NSAR
Residential Income For Sale
  • Listing ID : 202419568
  • Bedrooms : 12
  • Lot Area : 0.23 Acre
  • Visits : 61 in 77 days
C$1490000
Agent info
Cowan-Smith Team
128 Chain Lake Drive
Mortgage Calculator
C$
C$ %
years
%
C$ %per year
C$ %per year

C$
Contact Agent
 
Style Selector
Select the layout
Choose the theme
Preset colors
No Preset
Select the pattern