5639 Morris Street, Halifax, (MLS® 202411340) RE/MAX nova
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5639 Morris Street, Halifax

0 0 0 sqft
$1,349,900 For Sale

Description

Introducing a fantastic income property opportunity located in the heart of the Halifax Peninsula. This fourplex is situated in a highly sought-after location, close to the university, hospital, and a supermarket, making it an ideal choice for tenants seeking convenience and accessibility. The property consists of four well-maintained units, with three one-bedroom apartments and one spacious three-bedroom unit. Each unit is designed to offer comfortable living spaces and is fully rented all year round, ensuring a steady and reliable stream of income for the owner. The three one-bedroom units are perfect for students, young professionals, or couples looking for a cozy and affordable place to call home. These units feature open-concept layouts, modern kitchens equipped with essential appliances, comfortable bedrooms, and well-appointed bathrooms. Each unit also includes ample storage space and large windows that fill the rooms with natural light. The highlight of this fourplex is the three-bedroom unit, which offers a spacious and inviting living environment. With its generous square footage, this unit is ideal for families or professionals seeking more space. The unit features a fully equipped kitchen with modern appliances, a comfortable living room, three well-sized bedrooms, and two bathrooms. It provides an excellent opportunity for higher rental income due to its size and desirability. The location of this income property is truly unbeatable. Situated in the heart of the Halifax Peninsula, tenants will enjoy the convenience of living within walking distance of the university, hospital, and a well-stocked supermarket. The area is also surrounded by a variety of amenities, including restaurants, cafes, parks, and shops, ensuring tenants have everything they need within easy reach. Investing in this fully rented fourplex not only provides immediate cash flow but also promises excellent long-term potential.

Listing Details

Address
5639 Morris Street, Halifax, B3J 1C4

Status
ACTIVE
Listing Price
$1,349,900
MLS®
202411340
Type
n/a
Style
---
Age
122
PID
00092429

Water
Municipal
Sewer
Municipal
Utilities
---

Building Specifications

Foundation Type
Stone
Roof
Asphalt Shingle
Exterior Finish
Wood Siding
Flooring
Carpet,Hardwood,Laminate,Tile

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Garage & Parking

Garage
N
Details
---

Sales History

Halifax Regional Municipality Data

Zoning
SHR
By-Law Code: 10
By-Law Area
Halifax Peninsula
By-Law Code: HPEN
Polling District
Halifax South Downtown
Concillor: Waye Mason
Waste Collection
MONDAY
Contractor: REgroup

Demographic Data

Demographic data is based on the dissemination area that contains the listing parcel . Dissemination Areas are small areas composed of one or more neighbouring dissemination blocks. All of Canada is divided into dissemination areas. Data source: Environics Analytics via ArcGIS Online, 2021

Population Size

1021

Median Age

31.9

Avg Household Size

1.7

Avg House Income

$109K

The number of people for each age range.

How the population of this area is expected to change.

The highest level of education obtained by people within this area.

The maritial status of the people in this area.

The average household income within this area.

The number of people that rent versus own.

When the buildings in the area were constructed.

The number of children at home for the given age ranges.

The occupations of the people living here.

Tax Assessment

Year Amount % Change
2024 $1,236,200 ---
2023 $974,900 ---
2022 $913,900 ---
2021 $875,500 ---
2020 $913,400 ---
2019 $904,800 ---
2018 $881,800 ---
2017 $882,200 ---
2016 $718,200 ---
2015 $709,200 ---
2014 $699,200 ---
2013 $683,300 ---
2012 $623,900 ---

Maps

Mortgage Inquiries

Last Updated On: 5/23/2024 2:03:05 PM (UTC)