Residential Income For Sale

$959,900

5571 Fenwick Street, Halifax Peninsula, NS B3H 1R1

Description

Excellent opportunity to acquire a fully rented triplex in the heart of downtown Halifax, one of the city’s strongest and most consistent rental markets with CEN-2 Zoning. The property offers three self-contained units, including two 2-bedroom units and one 1-bedroom unit, all currently rented on fixed-term leases, providing immediate and reliable income. Each unit offers a functional layout, good natural light, and a comfortable blend of character and modern updates. The building generates approximately $66,600 in annual rental income, with tenants paying their own heat and electricity, contributing to efficient operating costs. The current owner has invested approximately $100,000 in recent upgrades, significantly reducing future capital requirements. Improvements include all new electrical, conversion to electric heating, plumbing upgrades, in-unit washers and dryers in all units, new water heaters, bathroom upgrades, flooring upgrades, and a dishwasher added to the main-floor unit. Well-located within walking distance of universities, hospitals, transit, shopping, and downtown amenities, this property offers strong tenant demand and long-term investment stability. A turnkey asset ideal for investors seeking solid income in a proven location.

Property Details

  • Property Type: Residential Income
  • PropertySubType: Triplex
  • Listing Type: For Sale
  • Listing ID: 202602006
  • Price: $959,900
  • Bedrooms: 5
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 0
  • Lot Area: 2,326.10 Acre
  • Status: Active
  • LivingAreaUnits : Square Feet

Features

  • Heating System : Baseboard, Other Heating/cooling
  • Cooling System : Other Heating/cooling
  • Basement : Finished, Walk-Out Access
  • Fireplace : Fireplace(s)
  • Roof Deck : Rolled/Hot Mop
  • Sewer : Municipal
  • Interior Flooring : Vinyl Plank, Laminate, Ceramic Tile, Softwood, Linoleum
  • Zoning: CEN-2

Details

  • Office Name: One Percent Realty East Inc.
  • Agent Name: Natalie Urquhart
  • Fireplace: Yes
  • ParkingTotal: 1
  • Garage: No
  • CommunityFeatures : Park, Playground, Shopping, Place Of Worship, Recreation Center, School Bus Service, Near Public Transport
  • LotFeatures : Under 0.5 Acres
  • LaundryFeatures : Laundry
  • ParkingFeatures : Single, Gravel
  • ElementarySchool: St. Mary'S Education Centre/ Academy
  • HighSchool: Citadel High School
  • MiddleOrJuniorSchool: Gorsebrook Junior High School
  • Appliances : Stove, Dryer, Washer, Refrigerator, Dishwasher, Washer/Dryer
  • HeatingYN: Yes
  • PriceChangeTimestamp: 14/03/2026 00:00:00
  • Utilities : Electricity Connected
  • Possession : Tbd
  • ModificationTimestamp: 14/03/2026 14:52:58
  • MLSAreaMajor : 2-halifax South
  • MLSAreaMinor : 2-a
  • FoundationDetails : Concrete Perimeter
  • Exclusions: Tenant Belongings
  • FarmLandAreaUnits : Square Feet
  • ConstructionMaterials : Shingle Siding
  • BuildingAreaUnits : Square Feet
  • BelowGradeFinishedAreaUnits : Square Feet
  • AdditionalParcelsYN: No

Property on Map

Request Info

Contact Agent
Colleen Ryan

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