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- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202509528
- Photos (35)
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Nestled in the heart of Halifax’s historic Hydrostone neighborhood, this beautifully maintained building offers a rare blend of character, income potential, and development upside. The property features three fully legal Airbnb units: a spacious 2 bed 2 bath, a bright 2 bed 1 bath, and a cozy 1 bed 1 bath — all professionally finished and consistently in demand in one of the city’s most desirable areas. What truly sets this property apart is its coveted “corridor” zoning — the rarest and most flexible designation in Halifax. This allows for the widest array of permitted uses, including potential for additional units or mixed-use development, making it an ideal opportunity for forward-thinking investors. With a cap rate significantly stronger than comparable purchases across the country, this is a high-performing asset in a tightly held neighborhood. Whether you're seeking a cash-flowing short-term rental portfolio, a live-in investment, or a long-term development play, this Hydrostone gem delivers unmatched value and upside. Being offered fully turn-key with major opportunity for upside growth potential.
- Kane to Ilseville
- Listing Sub-Area:
- 3-Halifax North
- Property Type:
- Multi-Family
- Multi-Family Type:
- Triplex
- Title To Land:
- Freehold
- Building Dimenions:
- 50 x 28
- Lot Size:
- 2,622 sq. ft.244 m2
- Prop Size:
- Under 0.5 Acres
- # of Rental Units / Occupied:
- 0
- Exterior Finish:
- Steel
- Foundation:
- Stone
- New Constr.:
- No
- Basement:
- Undeveloped
- Floor Finish:
- Laminate, Tile
- Roof:
- Rolled
- Heating:
- Baseboard, Heat Pump -Ductless
- Fuel:
- Electric
- Parking Description:
- On Kane, Other driveway between the buildings has an easement to allow access for commercial building next door.
- Driveway:
- Paved
- Water Supply:
- Municipal
- Sewer:
- Municipal
- Num Units:
- 3
- Num 1 Bed Units:
- 1
- Num 2 Bed Units:
- 2
- # Of Dryers:
- 2
- # Of Fridges:
- 3
- # Of Microwaves:
- 3
- # Of Stoves:
- 3
- # Of Washers:
- 2
- Rental Income:
- $165,000
- Laundry Income:
- 0
- Other Income:
- 0
- Approx. Net Income:
- $143,846.42
- Taxes Costs:
- $11,253.58
- Other Costs:
- $8,400
- Approx. Total Expense:
- $34,653.60
- Approx. Total Income:
- $165,000
- Air Conditioning, Ensuite Bath, Heat/Air Exchange
- All furnishings
- Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
- Barbeque, Oven, Dishwasher, Dryer, Washer, Microwave, Refrigerator
- None
- Deck
- No
- Zoning:
- COR
- Possession Info:
- Negotiable - Ideally July 1st onward.
- Elementary School:
- St Joseph's - Alexander Mckay El
- French Imm Elementary School:
- St Joseph's - Alexander Mckay El
- French Imm High School:
- Citadel High School
- French Imm Middle School:
- Oxford School
- High School:
- Citadel High School
- Middle School:
- Highland Park Junior High School
- Listed Date:
- May 01, 2025
- Days on Mkt:
- 4
Larger map options:
Data was last updated May 5, 2025 at 07:20 PM (UTC)
Area Statistics
- Listings on market:
- 92
- Avg list price:
- $1,070,000
- Min list price:
- $369,900
- Max list price:
- $6,995,000
- Avg days on market:
- 43
- Min days on market:
- 3
- Max days on market:
- 802
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.
- Keller Williams Select Realty
- (902) 407-7373
- Contact by Email