REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,495,000
Est. payment /mo
Active
1645 Oxford Street|1647 Oxford Street Halifax, NS B3H3Z5
5,248 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Halifax
MLS® Listing ID 202623437
Year Built 1930
Lot Size 5,248 Sqft
Acres 0.1205
Property Sub-Type Freehold
Property Description
Turnkey income property in Halifaxs premier university rental corridor, 1645/1647 Oxford Street presents a rare opportunity to acquire a fully rented South End legal duplex with strong, stable cash flow and long-term upside, all within walking distance to multiple universities, major hospitals, amenities, and transit. Ideally positioned for the high-demand student rental market, the property generates gross annual revenue of approximately $114,300, with total operating expenses of approximately $24,166.36 per year and an estimated Net Operating Income of approximately $90,133.64. The building offers 10 bedrooms total, including a seven-bedroom upper flat spanning two levels and a bright three-bedroom lower unit with an open-concept kitchen and living area, along with parking for four vehicles. Situated on a 5,250 sq. ft. corner lot within the ER3 Low Rise High Density zone under the HRM Centre Plan, the property also offers excellent redevelopment potential. Each unit has separate entrances and power meters for ease of management. Extensively upgraded and well maintained, major improvements since 2015 include the addition and 2024 renovation of the basement unit, upgraded electrical systems, replacement of the lead water service line and cast iron piping, blown-in insulation, heat pumps, exterior drainage improvements, updated siding and windows, and a new roof in 2023. Located adjacent to Dalhousie and Kings College and close to hospitals, this property benefits from consistently strong rental demand, low vacancy rates, and ongoing enrolment growth, making it a reliable, long-term income-producing asset. (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Heat Pump, Ductless, Hot Water, Radiator, ,
Flooring Ceramic Tile, Hardwood, Vinyl
Exterior
Parking Features No
Community Features Recreational Facilities, School Bus
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/vMGJOYN1DUZOD1/
Listed by The Agency Real Estate Brokerage
NEARBY SCHOOLS & PROPERTIES