Presenting an exceptional investment opportunity in a high-demand rental area, featuring a solid, well-maintained triplex with three spacious two-bedroom units and a non-legal one-bedroom basement suite. Each upper unit is fully self-contained with its own entrance, hardwood floors, updated windows, and private balconies that bring in natural light, while the basement unit offers a walk-out patio and access to the shared coin-operated laundry area for additional income. The property is separately metered with four electrical panels, and each unit has its own hot water heater, with tenants paying their own heat and power. The owner’s responsibilities are limited to maintenance, water, and taxes, making this a low-effort, high-yield investment. Recent upgrades include new siding and fresh paint in two units, enhancing appeal and reducing future upkeep. The lot measures 50 x 145 feet and provides parking for at least five vehicles. Three units will be vacant for closing, offering flexibility to set market rents or renovate, while the fourth unit is under a fixed-term lease at $1,675/month plus utilities until June 2026. The basement unit, which shares power with the laundry and exterior lighting, requires some work, but with sweat equity and a potential application to the city, it could become a significant income booster. Estimated rent for each unit is $1,850+ per month, giving the property excellent upside potential. Located minutes from the Armdale Rotary, 2 blocks from the public dock at Chocolate Lake and along major transit routes, this income property combines strong cash flow potential with long-term appreciation in one of Halifax’s most desirable rental corridors.
St. Margarets Bay Road Before the Rotary.
Listing Sub-Area:
8-Armdale/Purcell's Cove/Herring Cove
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
32 x 28
Outside Dimenions:
32 x 28
Lot Size:
7,126 sq. ft.662 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
2
Year built:
1952
(Age: 73)
Age:
73
# Floors:
3
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed, Walkout
Floor Finish:
Ceramic, Hardwood, Linoleum
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Parking Description:
5 Car Parking Pad
Driveway:
Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
$2400 EST
Sewer:
Municipal
Num Units:
4
Num Bachelor Units:
0
Num 1 Bed Units:
1
Num 2 Bed Units:
3
Num 3 Bed Units:
0
Num 4 Bed Units:
0
# Of Dishwashers:
0
# Of Dryers:
0
# Of Fridges:
3
# Of Microwaves:
0
# Of Stoves:
4
# Of Washers:
0
Rental Income:
Yes, $66,500 EST (+4th Unit)
Laundry Income:
$720 EST
Other Income:
NA
Approx. Net Income:
$53,676.20 EST
Insurance Expense:
$3000 EST
Taxes Costs:
$3,643.80
Other Costs:
NA
Management expense:
NA
Snow / Garbage Collection:
NA
Heating Bill:
NA
Electricity Bill:
$1500 EST
Approx. Total Expense:
$13,5043.80 EST
Approx. Total Income:
$67,220 EST
Apt Non-Conforming, Balcony, Cable, Telephone
3 Fridges, 4 Stoves,
Park, Playground, Public Transit, Shopping, Place of Worship, Beach
Data was last updated November 10, 2025 at 05:20 PM (UTC)
Area Statistics
Listings on market:
97
Avg list price:
$820,000
Min list price:
$275,000
Max list price:
$6,900,000
Avg days on market:
53
Min days on market:
4
Max days on market:
517
Avg price per sq.ft.:
$302.72
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations. This data is not produced by the MLS® system.