6033 South Street

Property Description

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

Are you interested?

Schedule a Tour

or Contact

Ian Smith

(902) 430-5610 [email protected]

Mariana Cowan

(902) 406-8560 [email protected]

Features & Amenities

Neighborhood

Halifax

Stories

Water Source

Municipal

Utilites

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

$6,600,000

Zoning

HR-1

Are you interested?

Schedule a Tour

or Contact

Ian Smith

(902) 430-5610 [email protected]

Mariana Cowan

(902) 406-8560 [email protected]

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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

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