
5761-5763 Atlantic Street, Halifax, NS B3H1H1
$1.5M total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
88%
Lot Size
0.1314 ac
Located in the heart of downtown's coveted South End, this two-unit property offers an ideal blend of investment income and owner-occupier flexibility, close to Saint Mary's University, the Halifax Grammar School, Inglis Street Elementary, Point Pleasant Park, and the many amenities of the South End. The upper unit features 4 bedrooms and 2 bathrooms which is currently rented, with tenants paying their own utilities, immediate income for the new owner. The lower unit offers 2 bedrooms and 1 bathroom and has been deliberately left vacant by the seller, giving the buyer the freedom to move in as an owner-occupier or to renovate and reimagine the space to suit their own vision. Each unit has its own heating system, seperate electrical meter and seperate laundry,so tenants can pay their own utilities. The backyard offers parking for 4 cars. ER-3 Zoning offers buyers even more potential for the future. Whether you are an investor seeking a strong South End holding or a buyer looking to live in one unit while the other helps carry the mortgage, this property delivers location, income, and flexibility in one of Halifax's most sought-after neighbourhoods. (id:66811)
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Monthly debt service
$7K
Projected NOI
$44K
Annual cash flow
$-39K
Cash-on-cash
-8.73%
DSCR
0.53
Going-in cap
2.92%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
60,063
Households
25,923
Median income
$97,500
Median age
42.1
Daytime population
55,177
5-yr growth
6.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 5761-5763 Atlantic Street, Halifax.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.