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Property Description

**NEW LOW EQUITY VTB Finance option!! Fantastic opportunity to add a newly renovated 31-room international student residence to your portfolio. Ideally positioned just minutes from Dalhousie University, University of King's College, and Saint Mary's University, this ideally-located income property benefits from consistent demand and strong occupancy in one of Halifax's most established student rental markets. CMHC financing has been in place since June 2024, featuring a 50-year amortization supported by the property's exceptional energy score of 100 points -- a financing advantage that is no longer available under current CMHC offerings. The building is thoughtfully configured for student living, offering 31 furnished rooms, two communal kitchens with granite countertops, eight bathrooms, laundry facilities, and modern furnishings in each room, including a bed, nightstand, desk, chair, and mini fridge. The layout is designed to support efficient operations while providing a comfortable and functional living environment for tenants. Major recent upgrades have been completed throughout the property in the last few years, including vinyl siding, roof shingles, electrical, plumbing, foundation improvements, added lower-level windows, internet access points, lighting, paint, furniture, hardware, and a remote monitoring system. Essentially, all major systems and overall student experience have been significantly enhanced. The property benefits from an efficient natural gas boiler, with solar pre-heating being added shortly to further reduce energy costs while providing ample heat and hot water throughout the building. There are also 3 parking spots that can be easily rented for extra income or for easy parking for management/cleaners. For investors seeking a turnkey, high-demand student rental with strong cash flow, meaningful upside, and an exceptional university-adjacent location, this is a rare opportunity in the Halifax market. **Share sale available**

Overview

Property Status
For Sale
Lot Size
3,201.66 Sq.Ft.
MLS ID
202609959
Property Type
Multi-Family

Features & Amenities

Neighborhood
Halifax
Stories
2
Water Source
Municipal
Utilities
Electricity Connected
Roof
Asphalt
Lot Features
Under 05 Acres
Parking
Driveway, Parking Spaces(s)
Heat Type
Baseboard
Laundry Room
Laundry
Appliances
Stove, Dishwasher, Dryer, Washer, Refrigerator
Sewer
Municipal
Substructure
Concrete Perimeter
Elementary School
Inglis Street Elementary School
Middle School
Gorsebrook Junior High School
High School
Citadel High School
Sales Price
$6,595,000
Zoning
HR-1

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6033 South Street

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for your interest in 6033 South Street, Halifax Peninsula, NS B3H 1S8, CA

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6033 South Street

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