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For Sale · Multifamily

7 Hayes Street, Spryfield

7 Hayes Street, Spryfield, NS B3R2B6

$655,000 total

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

97%

Lot Size

0.1205 ac

About this property

New Construction Turnkey Duplex in Halifax! Exceptional investment opportunity in a high-demand Halifax location, built by renowned GSN Construction. This brand-new semi-detached property features two self-contained, individually metered units including a 2-bedroom main floor unit and a 3-bedroom upper unit, offering 5 bedrooms in total. Unlike standard multi-unit buildings, the main level is completely above grade with its own private side entrance, providing large windows and abundant natural light. Built with top-tier craftsmanship, both units boast modern kitchens, durable finishes, and efficient layouts. Fully separated utilities ensure that each unit has its own power meter, hot water tank, air exchanger, and heat pump with tenants paying their own heat and lights. Located just 20 minutes from downtown Halifax close to shopping, transit, and everyday amenities, this property boasts a projected gross annual income exceeding $54,000 with fantastic cash flow potential. A rare, worry-free income property ready for its next owner! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$655K
Down payment30% · $197K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$26K

Annual cash flow

$-10K

Cash-on-cash

-5.30%

DSCR

0.71

Going-in cap

3.95%

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.

Area demographics

Trade area within 3 miles of the property.

Population

69,301

Households

24,485

Median income

$118,500

Median age

38

Daytime population

73,665

5-yr growth

4.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 7 Hayes Street, Spryfield.

NDA required

  • 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.