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5512 Bilby Street in Halifax: 1-Halifax Central Commercial for sale (Halifax-Dartmouth) : MLS®# 202007386

5512 Bilby Street Halifax B3K 3C9 : 1-Halifax Central

Main Photo: 5512 Bilby Street in Halifax: 1-Halifax Central Commercial for sale (Halifax-Dartmouth)  : MLS®# 202007386
$1,499,900
Prop. Type:
Commercial
MLS® Num:
202007386
Status:
Active
Bus Major:
Other
5512 Bilby Street, 2828, 2830 and 2832 Gottigen Street - Rare opportunity on the Halifax Market. Commercial development in a prime location on the corner of Gottigen and Bilby Street in the desirable North End of Halifax and Hydrostone District. Total lot size of 4993 square feet over the three included properties. The three buildings combined provide 3+ parking spaces, over 5000 square feet of living space, and a total of 5 separate units, which combined include 1 Barber Shop, 12 bedrooms, 6.5 bathrooms and a gross income of $88,560. Beneficial C-2 Zoning, which allows "(a) R-1, R-2, R-2T, R-2A, R-3, C-1 and C-2A uses; (b) Any business or commercial enterprise except when the operation of the same would cause a nuisance or hazard to the public and except adult entertainment uses, junkyards and amusement centres.." (Halifax Land use By-Law, Pg 97.) Although valued at approximately $450,000 per property, this is a package deal - individual buildings will not be sold separately. Request redevelopment and model massing package from agents ,
Listing Sub-Area:
1-Halifax Central
Property Type:
Commercial
Commercial Type:
Other
Major Bus Type:
Other, Residential Units
Title To Land:
Freehold
Main Living Area:
Switch units of measure4,900 sq. ft.
Floor Area:
Switch units of measure5,265 sq. ft.
Building Dimenions:
49x22, 26x32, 24x30 + 7x14
Prop Size:
Under 0.5 Acres
Lot Details:
4993 sf
Outside Dimenions:
49x22, 26x32, 24x30 + 7x14
Zoning:
C-2
Construction:
Wood Frame
Parking:
Yes
Driveway:
Interlocking, Paved
Parking Description:
3 outdoor spaces
Floor Finish:
Wood, Other
Roof:
Asphalt Shingle
Heating:
Baseboard, Furnace, Radiator
Fuel:
Oil
Water Supply:
Municipal
Utilities:
Cable, Electrical, Municipal Water, Sewer
Public Transportation, Shopping Nearby, Corner Site, High Traffic Location, Public Parking
All appliances
Tenants personal belongings
None
No
and 2828, 2830 & 2832 Gottigen Street
Rental Income:
Yes
Net Income:
$74,060 +/-
Gross Revenue:
$88,560
Total Expenses:
$14,500 +/-
Business Tax Payer:
Tenant
Property Taxes Payer:
Owner
Heating Payer:
Tenant
Hydro Payer:
Tenant
Water Payer:
Owner
Insurance Payer:
Owner
Structural Maintenance Payer:
Owner
Exterior Maintenance Payer:
Owner
Interior Maintenance Payer:
Owner
Lease 1 - Type:
# Residential Units
Lease 1 - Expiration Date:
07/31/2020
Lease 1 - Occupant:
3bdrm
Lease 1 - Rental Rate:
$1600/mth
Lease 2 - Type:
Retail
Lease 2 - Occupant:
Barber Shop
Lease 2 - Rental Rate:
$1380/mth
Lease 3 - Type:
# Residential Units
Lease 3 - Occupant:
4bdrm
Lease 3 - Rental Rate:
$1600/mth
Lease 4 - Type:
# Residential Units
Lease 4 - Expiration Date:
09/01/2020
Lease 4 - Rental Rate:
$1400/mth
Lease 4 - Occupant:
2bdrm
Lease 5 - Type:
# Residential Units
Lease 5 - Occupant:
3bdrm
Lease 5 - Rental Rate:
$1400/mth
Possession Info:
Neg
Listed Date:
May 08, 2020
Days on Mkt:
19
Data was last updated May 27, 2020 at 06:30 AM (UTC)
Larry Allen
Jesse Allen