Luxury Homes
Nova Scotia
$1,575,000

1645 Oxford Street, 1647 Oxford Street

Halifax Nova Scotia B3H 3Z5

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Multi-family
MLS® 202604065
Listing Courtesy of The Agency Real Estate Brokerage

Description

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:56844)

ID:
202604065
Category:
Multi-family
Status:
Active
Lot:
0.1205 acres
MLS® Number:
202604065
Common Interest
Freehold
Parcel Number:
00048223
Year Built:
1930
Building Type:
Duplex
Community Name:
Halifax
Days On Market:
0
Community Features
  • School Bus
  • Recreational Facilities
Appliances
  • Washer
  • Refrigerator
  • Dishwasher
  • Range
  • Dryer
Foundationd Details:
  • Concrete Perimeter
Basement:
  • Finished
  • Full
Exterior Features:
  • Vinyl
Flooring:
  • Hardwood
  • Ceramic Tile
  • Vinyl
Parking Features:
  • Paved Yard
  • Parking Space(s)
Structure Type:
  • Duplex
Water Source:
  • Municipal water
Sewer:
  • Municipal sewage system
Corner Oxford & Jennings
Neighbourhood map for property at 1645 Oxford Street, 1647 Oxford Street
1645 Oxford Street, 1647 Oxford Street Halifax
Provincial Map showing 1645 Oxford Street, 1647 Oxford Street
1645 Oxford Street, 1647 Oxford Street Halifax

Inquire Today

Dawn Magee
Dawn Magee

902-277-0510 dawn@movenovascotia.com

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