Prime 5-Unit Investment Property in Downtown Halifax. Located in the heart of the highly sought-after South End of Halifax, this exceptional 5-unit building on Queen Street presents a rare investment opportunity. Just minutes from major hospitals, both Dalhousie and Saint Mary’s Universities, and the vibrant Halifax waterfront, the location is second to none. This 8 bedroom, 5 bathroom, three-level building offers a mix of thoughtfully laid-out units—ranging from bachelor suites to three-bedroom apartments—most with private balconies and excellent natural light. Currently generating $7,208 in monthly rental income, all units are fully leased on fixed-term agreements, with a strong history of low vacancy and reliable quality tenants. Investors will appreciate the strong rental demand and premium market rents this property commands. A key upgrade includes the installation of a natural gas boiler system, contribute to lower operating costs and improved energy efficiency. Whether you're expanding your portfolio or seeking a solid income-generating asset in one of Halifax’s most desirable neighborhoods, this property checks all the boxes.
From Spring Garden Rd turn down Queen St, Building on the right after South & Queen intersection
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
20x20
Lot Size:
2,731 sq. ft.254 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
5
Exterior Finish:
Vinyl
Foundation:
Stone
Basement:
Crawl Space, Full
Floor Finish:
Hardwood, Laminate, Tile
Roof:
Tar/Gravel
Heating:
Baseboard
Fuel:
Natural Gas
Driveway:
None
Water Supply:
Municipal
Water And Sewage:
2273
Sewer:
Municipal
Num Units:
5
Num Bachelor Units:
2
Num 1 Bed Units:
1
Num 2 Bed Units:
1
Num 3 Bed Units:
1
# Of Dryers:
1
# Of Fridges:
5
# Of Stoves:
5
# Of Washers:
1
Rental Income:
Yes, $86503
Approx. Net Income:
59976
Insurance Expense:
$3983
Taxes Costs:
10616
Maintenace:
852.0
Snow / Garbage Collection:
2025
Heating Bill:
6018
Electricity Bill:
757
Approx. Total Expense:
26526
Approx. Total Income:
$86503
Balcony, Laundry
Washer/Dryer, Appliances
Tenants Belongs
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship
Data was last updated May 20, 2025 at 11:20 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$1,499,900
Min list price:
$949,900
Max list price:
$3,300,000
Avg days on market:
60
Min days on market:
6
Max days on market:
817
These statistics are generated based on the current listing's property type
and located in
2-Halifax South. Average values are
derived using median calculations.