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
Data was last updated May 5, 2025 at 05:20 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.
