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5525 Black Street
4-Halifax West Halifax B3K 1P7

$936,000
Multi-Family built: 1916

Main Photo: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 1: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 2: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 3: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 4: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 5: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 6: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 7: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 8: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 9: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 10: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 11: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 12: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
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Photo 18: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
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Photo 21: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 22: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 23: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 24: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Photo 25: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
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Photo 31: 5525 Black Street in Halifax: 4-Halifax West Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202222998
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202222998
Year Built:
1916
Heritage meets modern in this perfectly maintained triplex in the heart of Halifax’s north end, with 4 car parking, beautiful fenced back yard, and roof top patio. You’re not going to want to miss out on this positive cash flow investment. With so many updates including new heating system, roof, electrical and plumbing you’ll be getting a turn key investment for years to come. Zoning Letter states 2 units, Centre Plan allows for one Secondary Suite which gives you a three unit building. Middle level is month-to-month while the upper and lower are year-to-year leases. Since the LL's purchase in 2017, great care has been taken with their upgrades which include: 1) converting from oil to natural gas heat for the hot water baseboards above grade and the refurbished radiators on the lower; there are a few electric baseboard heaters in the top unit's second floor. 2) Recently updated the roof with new sheathing and asphalt shingles. 3) Top unit was given a rooftop deck. 4) All units had kitchen counter upgrades to a Samsung™ Staron® Acrylic Countertops. Building has driveways on each side totally at least three spaces. This has been a truly delightful place to live and the owners have had no trouble with tenants or renting their units. Privately fenced backyard is accessible and used by all. The lot is 33'x 102' more or less and this building's location is very accommodating to those without vehicles as it is minutes away from many of the areas popular areas such as: CFB Stadacona & CFB Halifax; trendy venues on Gottigen St and the Hydrastone. Within walking distance to the Halifax Commons, Hospitals and a bit further to St. Mary's & Dalhousie Universities.
Listing Sub-Area:
4-Halifax West
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
3
Year built:
1916 (Age: 106)
Age:
106
Exterior Finish:
Wood Siding
Foundation:
Stone
Basement:
Fully Developed, Full, Walkout
Floor Finish:
Hardwood, Laminate, Linoleum
Roof:
Asphalt Shingle
Heating:
Baseboard, Hot Water, Radiator
Fuel:
Natural Gas
Parking:
Yes
Parking Description:
Multiple Driveway(3)
Driveway:
Gravel, Multiple Driveways, Other
Water Supply:
Municipal
Water And Sewage:
1223.36
Sewer:
Municipal
Num Units:
3
Num 1 Bed Units:
1
Num 2 Bed Units:
2
# Of Dryers:
3
# Of Fridges:
3
# Of Stoves:
3
# Of Washers:
3
Rental Income:
Yes, 62208
Approx. Net Income:
44135.62
Insurance Expense:
3442
Taxes Costs:
6950
Other Costs:
780
Heating Bill:
4079
Electricity Bill:
1598
Approx. Total Expense:
18,072.36
Approx. Total Income:
62208
Apt Conforming, Balcony
3x (Fridges/Stove/Washer/Dryer)
Public Transit, Recreation Center, Shopping, Place of Worship
None
Deck, Patio
No
Zoning:
ER-1
Elementary School:
St Joseph's - Alexander Mckay El
Middle School:
Highland Park Junior High School
High School:
Citadel High School
French Imm Elementary School:
St Joseph's - Alexander Mckay El
French Imm Middle School:
Oxford School
French Imm High School:
Citadel High School
Possession Info:
Negatable
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Data was last updated October 7, 2022 at 01:20 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$999,900
Min list price:
$629,900
Max list price:
$2,390,000
Avg days on market:
55
Min days on market:
8
Max days on market:
156
These statistics are generated based on the current listing's property type and located in 4-Halifax West. Average values are derived using median calculations.