Once-in-a-generation opportunity to acquire a well-maintained mixed commercial/residential building on one of the best blocks of rapidly-growing Quinpool Rd! In the same family for decades, this building is ready for new owners to shepherd it into the next century, it includes the perfect blend of retail at street level, and four residential units above, fully rented to long-term, stable tenants. With ongoing redevelopment (large seniors' home, luxury housing, etc.) taking place directly across the street over the next few years, this is an opportunity to acquire property in the heart of a rapidly-changing neighborhood only a ten min walk from Dalhousie, five mins from the hospital, and surrounded by groceries, restaurants, services, buses & more. Retail level includes a small restaurant & long-running tailor shop; residential units include two lrg studios & two junior one BR apartments. Modern propane HWBB heat, building is immaculate & overall in very good condition. Check the virtual tour for residential & retail units, message us for more information!
Listing Sub-Area:
4-Halifax West
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
34x69
Outside Dimenions:
34x69
Lot Size:
3,049.2 sq. ft.283.28 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
Yes
# of Rental Units / Occupied:
6
Year built:
1977
(Age: 46)
Age:
46
# Floors:
2
Exterior Finish:
Brick
Foundation:
Slab
Basement:
None
Floor Finish:
Laminate, Linoleum, Tile, Vinyl
Roof:
Rolled
Heating:
Baseboard, Furnace
Fuel:
Electric, Propane
Parking:
No
Driveway:
None
Water Supply:
Municipal
Water And Sewage:
1119.25
Sewer:
Municipal
Num Units:
6
Num Bachelor Units:
2
Num 1 Bed Units:
2
# Of Fridges:
4
# Of Stoves:
4
Rental Income:
Yes, 86,238
Approx. Net Income:
69,112.60
Taxes Costs:
9801.10
Other Costs:
1119.25 Water
Heating Bill:
4495.90
Electricity Bill:
1709.15
Approx. Total Expense:
17,125.40
Approx. Total Income:
86,238
Tenant Belongings & Equipment
Public Transit, Shopping, Place of Worship
Propane Tank
None
No
6251 Quinpool Rd Lot 129 Halifax Commercial/Apt Mix Units
Data was last updated March 25, 2023 at 01:20 PM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$799,900
Min list price:
$134,900
Max list price:
$3,400,000
Avg days on market:
43
Min days on market:
3
Max days on market:
291
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.