Office Listings
148 Melrose Avenue
6-Fairview
Halifax
B3N 2E7
$1,150,000
Multi-Family
built: 1952
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202411908
- Year Built:
- 1952
- Photos (45)
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If you're looking for a well-maintained investment property that offers a stress-free experience and strong cash flow, this triplex would be an excellent addition to your portfolio. The current condition is already superb, but features like four power meters, three water tanks, in-unit laundry for each unit, a spacious and flat backyard, designated parking spaces for all units, and a detached double garage with workshop for the owner's tools, make this property even more appealing. Additionally, if you want to increase your returns and property value, this triplex provides the perfect canvas for the new owner's dreams, offering opportunities for upgrades such as replacing the heating system and making cosmetic improvements to each unit. Don't miss this rare opportunity.
- Listing Sub-Area:
- 6-Fairview
- Property Type:
- Multi-Family
- Multi-Family Type:
- Triplex
- Title To Land:
- Freehold
- Building Dimenions:
- 40x28
- Lot Size:
- 8,481 sq. ft.788 m2
- Prop Size:
- Under 0.5 Acres
- # of Rental Units / Occupied:
- 2
- Year built:
- 1952 (Age: 72)
- Age:
- 72
- Exterior Finish:
- Vinyl
- Foundation:
- Concrete
- Basement:
- Fully Developed, Walkout
- Floor Finish:
- Ceramic, Hardwood, Linoleum
- Roof:
- Tar/Gravel
- Heating:
- Baseboard, Furnace, Hot Water, Radiator
- Fuel:
- Oil
- Garage Description:
- Detached double garage.
- Parking:
- Yes
- Parking Description:
- Paved.
- Driveway:
- Paved
- Water Supply:
- Municipal
- Water And Sewage:
- $1,477
- Sewer:
- Municipal
- Num Units:
- 3
- Num 2 Bed Units:
- 1
- Num 3 Bed Units:
- 2
- # Of Dryers:
- 3
- # Of Fridges:
- 3
- # Of Stoves:
- 3
- # Of Washers:
- 3
- Rental Income:
- Yes, $77,280
- Approx. Net Income:
- $59,846
- Insurance Expense:
- $2,500
- Taxes Costs:
- $5,812
- Maintenace:
- 500.0
- Heating Bill:
- $6,665
- Electricity Bill:
- $480
- Approx. Total Expense:
- $17,434
- Approx. Total Income:
- $77,280
- Cable, Heat/Air Exchange, Power, Telephone
- Golf Course, Park, Playground, Public Transit, School Bus Service, Shopping, Place of Worship
- Stove, Dryer - Electric, Washer, Refrigerator
- None
- Deck
- No
- Zoning:
- R-1
- Possession Info:
- Negotiable
- Elementary School:
- Fairview Heights Elementary Scho
- French Imm Elementary School:
- Burton Ettinger Elementary Schoo
- French Imm High School:
- Halifax West High School
- French Imm Middle School:
- Fairview Junior High School
- High School:
- Halifax West High School
- Middle School:
- Fairview Junior High School
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Larger map options:
Listed by RE/MAX Nova (Halifax)
Data was last updated November 25, 2024 at 09:20 AM (UTC)
Area Statistics
- Listings on market:
- 66
- Avg list price:
- $970,000
- Min list price:
- $389,900
- Max list price:
- $4,800,000
- Avg days on market:
- 41
- Min days on market:
- 4
- Max days on market:
- 641
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.
- CHUCK GROOCOCK
- RE/MAX NOVA
- 1 (902) 233-5834
- Contact by Email