6464 Summit Street
4-Halifax West Halifax B3L 1S1

$2,475,000
Multi-Family built: 1947

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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202324344
Year Built:
1947
Excellent Investment Opportunity in West End Halifax! Totally renovated featuring 5 units (Four 2 bedroom units and One 3 bedroom + Den) with parking! Numerous updates including all electrical with water heaters & baseboards, upgraded plumbing, all new fixtures, new flooring, doors & trim, soundboard between units, new windows & Doors, new kitchens, new appliances, 1 new heat pump per unit upstairs, 5 new heat pump heads in basement unit, and new ventilations systems. Completely reinsulated, vapour barriered and drywalled. Just 5 minutes to Dalhousie University, major amenities like groceries and restaurants and around the corner from major bus routes. A great investment for your portfolio. Call to view!
Listing Sub-Area:
4-Halifax West
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
36'8" X 37'
Outside Dimenions:
36'8" X 37'
Lot Size:
3,249.576 sq. ft.
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
5
Year built:
1947 (Age: 77)
Age:
76
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Vinyl Plank
Roof:
Rolled
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Parking:
Yes
Parking Description:
Long-term lease of 5 spaces at 6449 Summit
Driveway:
Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
$1,531.00
Sewer:
Municipal
Num Units:
5
Num 2 Bed Units:
4
Num 3 Bed Units:
1
# Of Dishwashers:
5
# Of Dryers:
5
# Of Fridges:
5
# Of Microwaves:
5
# Of Stoves:
5
# Of Washers:
5
Rental Income:
Yes, $155,400.00
Approx. Net Income:
$135,435.00
Insurance Expense:
$5,608.00
Taxes Costs:
$11,359.60
Other Costs:
$966 - Internet Basement Only
Electricity Bill:
Minimal Cost For Basement Unit
Approx. Total Expense:
$19,964.60
Approx. Total Income:
$155,400.00
Air Conditioning, Laundry
5 Refrigerators, 5 Stoves, 5 Dishwashers, 5 Microwaves, 5 Washers, 5 Dryers
Tenant Belongings
Public Transit
Range, Dishwasher, Dryer, Washer, Microwave, Refrigerator
None
No
Zoning:
ER-2
Possession Info:
Immediate/Negotiable
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Listed by Trish Chesal and Matt Tingley of Dockside Realty
Data was last updated February 27, 2024 at 07:20 AM (UTC)
Area Statistics
Listings on market:
47
Avg list price:
$1,095,000
Min list price:
$250,000
Max list price:
$5,950,000
Avg days on market:
40
Min days on market:
1
Max days on market:
441
These statistics are generated based on the current listing's property type and located in Halifax-Dartmouth. Average values are derived using median calculations.