1645 Oxford Street|1647 Oxford Street, Halifax, Nova Scotia B3H 3Z5

Listed for:
$1,575,000
0 beds
0 baths
Listed 26 days ago
Duplex for rent: 1645 Oxford Street|1647 Oxford Street, Halifax, Nova Scotia B3H 3Z5

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About

Corner Oxford & Jennings Turnkey income property located in Halifaxs premier university rental corridor & within walking distance to multiple universities & major hospitals. Ideally positioned for the high demand student rental market with an approximate 6% CAP RATE. Welcome to 1645/1647 Oxford Street, a fully rented South End legal duplex just steps from Dalhousie University, offering 10 bedrooms, parking for four vehicles & strong stable rental income. Positioned on a 5250 sq ft corner lot within the ER3 Low Rise High Density zone under the HRM Centre Plan, the property offers excellent long term redevelopment potential while generating strong current income. The building is configured as a seven bedroom upper flat spanning two levels & a bright three bedroom lower unit with open concept kitchen & living area. The property generates an approximate Net Operating Income of $94574, providing stable cash flow in one of Atlantic Canadas strongest & most reliable rental markets. Each unit features separate entrances & separate power meters, allowing simplified management & efficient operation. The property has been well maintained & extensively upgraded, reducing near term capital expenditure requirements. Major improvements since 2015 include addition of the basement unit renovated in 2024, upgraded electrical panels & wiring, replacement of the lead water service line & interior cast iron waste piping, blown in wall insulation, installation of heat pumps, exterior drainage improvements, updated siding & windows, & roof shingles replaced in 2023. Located adjacent to Dalhousie & Kings College campuses & within walking distance to hospitals, universities & amenities, the property benefits from strong rental demand, historically low vacancy rates & continued enrolment growth, making it a reliable long term income producing asset. Rare opportunity to acquire a turnkey South End multi unit with strong cash flow & redevelopment potential. (id:27476)

Property Highlights

MLS® Number
202604065
Type
Multi-family
Community Name
Halifax
Ownership Type
Freehold
Land Size
0.1205 ac

Building

Building Type
Duplex
Amenities
Park, Playground, Public Transit, Shopping, Place of Worship
Exterior Finish
Vinyl
Fireplace Present
No
Basement Type
Full (Finished)
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
The Agency Real Estate Brokerage
MLS® number:
202604065
Agent:
Brehannah Hopgood
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