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5571 North Street
1-Halifax Central Halifax B3K 1N1

$1,199,000
Multi-Family built: 1967

Main Photo: 5571 North Street, Halifax, Nova Scotia
Photo 1: 5571 North Street, Halifax, Nova Scotia
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202503730
Year Built:
1967
Exceptional investment opportunity awaits at 5571 North Street. This well-maintained multi-unit is priced below recently appraised value, featuring four spacious two-bedroom units, each with in-suite laundry, fully occupied, all on fixed-term leases, ensuring reliable and consistent rental income. Recent upgrades (since 2019) include modernized kitchens with updated appliances, new flooring, wiring, drywall, and paint, along with four brand-new bathrooms, new washers, dryers, and water tanks for each unit, plus updated windows to improve energy efficiency, and the roof (2024). Situated in a high-demand location, this property is a prime addition to any investment portfolio, offering both immediate returns and long-term growth potential. Zoned ER-2, it also provides the opportunity to expand by adding one or two additional units in the basement. Don’t miss out on this turn-key investment!
Robie St to North St
Listing Sub-Area:
1-Halifax Central
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
62x28
Lot Size:
3,136 sq. ft.
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
4
Year built:
1967 (Age: 58)
Age:
58
Exterior Finish:
Vinyl
Foundation:
Stone
Basement:
Full, Walkout
Floor Finish:
Ceramic, Laminate, Vinyl
Roof:
Tar/Gravel
Heating:
Baseboard
Fuel:
Electric
Parking:
Yes
Parking Description:
Paved
Driveway:
Paved
Water Supply:
Municipal
Water And Sewage:
1765
Sewer:
Municipal
Num Units:
4
Num 2 Bed Units:
4
# Of Dishwashers:
4
# Of Dryers:
4
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
4
Rental Income:
Yes, 86046
Approx. Net Income:
73998.92
Insurance Expense:
3682
Taxes Costs:
6600.08
Approx. Total Expense:
12047.08
Approx. Total Income:
86046
Tenants belongings
Public Transit, Shopping, Place of Worship
Stove, Dishwasher, Dryer, Washer, Refrigerator
None
Deck
No
Zoning:
ER_2
Possession Info:
Negotiable
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:
Days on Mkt:
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Listed by Royal LePage Atlantic
Data was last updated March 4, 2025 at 03:20 AM (UTC)
Area Statistics
Listings on market:
68
Avg list price:
$1,194,500
Min list price:
$289,000
Max list price:
$7,500,000
Avg days on market:
46
Min days on market:
3
Max days on market:
739
These statistics are generated based on the current listing's property type and located in Halifax-Dartmouth. Average values are derived using median calculations.
SCOTT ROBINSON