1524/1526 Chestnut Street, Halifax, NS (MLS® 202200036)

For Sale
 Multi-Family
Triplex
Jan. 4, 2022
Social Sharing
REALTOR®
Melissa Kenny

Melissa Kenny

Real Estate Agent
 (902) 789-2659 
 (902) 700-5950 

Overview

Listing Type:
 Multi-Family
Property Type:
Triplex
Listing Price:
$1,799,000
MLS® #:
202200036
PID #:
00049247
Building Age:
100
Water:
Municipal
Sewer:
Municipal

Address

Street Address:
1524/1526 Chestnut Street
City:
Halifax
Province:
NS
Postal Code:
B3H 3T1
Country:
Canada

Description

1524/1526 Chestnut Street, Halifax, NS (MLS® 202200036): Centrally located Triplex with legal occupancy for 19 tenants. Situated next to Dalhousie the apartments have gone years without a vacancy. The units have been well-cared for undergoing many upgrades in recent years. Each apartment is spacious, consisting of open concept kitchen dining and living rooms with large well-designed bedrooms. The main unit is a two-story, eight-bedroom 2 & 1/2 bath currently renting for $6375 per month. The down-stairs unit consists of 5-bedroom with 2 full baths the kitchen and bath have been updated and is currently renting for $3170 per month. The upstairs third unit is a six-bedroom 2 full bath currently renting for $3880 per month. For this unit the tenants pay 2/3 of the heat and electricity. All three self-contained units have their own laundry. Internet and living room furniture are included with rent. Additional potential income includes a heated shed which can be rented as a storage area. If you are looking for a well taken care of investment property with strong revenues and upside this is a must view.

 Inclusions & Exclusions

Inclusions: 7 x Fridges, 2 x Dishwashers, 3 x Washer, 3 x Dryer, 3 x TV, 2 x Stoves, Stove Top, Oven, 3 x Couches

Exclusions: Tenant belongings

Building Details

Building Age:
100
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Wood Shingles
Flooring Type:
Carpet, Ceramic, Hardwood, Laminate, Tile, Vinyl
Basement Features:
Fully Developed

Land Details

Title To Land:
Freehold

Features

  Apt Conforming
  Balcony
  Cable
  Ensuite Bath
  Exercise Room
  Heat/Air Exchange
  Laundry
  Locker
  See Remarks

Community Features

  Park
  Public Transit

Schools near 1524/1526 Chestnut Street, Halifax, NS (MLS® 202200036)

TypeName
Elementary SchoolLemarchant - St Thomas Elementary School
Middle SchoolHalifax Central Junior High School
High SchoolCitadel High School

Demographics for 1524/1526 Chestnut Street, Halifax, NS (MLS® 202200036)

 Dissemination Area 12090330 (Census Year: 2016)
Dissemination Area ID: 12090330
Census Year: 2016
Subdivision Name: Halifax
Population Count: 357
Private Dwellings Count: 228
Land Area: 0.31 Km2

Demographics Synopsis: 1524/1526 Chestnut Street, Halifax, NS (MLS® 202200036) is located in Dissemination Area 12090330 that spans over 0.31 Km2 and has 228 private dwellings that are home for 357 people. This represents a population density of 1139.5 persons per Km2. The Majority of dwellings in the area are occupied by tenants. The average age of the population in the area is 39 years old.

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(902) 789-2659