5531 Cunard St
- Type: Multifamily
- Garage: "Driveway/Parking: 3 Spots"
- Lot Size: n/a "3325"
- MLS ® #: 201909336
If you’ve been on the hunt for a mixed-use investment opportunity in Halifax, this 4,783 sq ft property at the corner of Cunard and Creighton Streets really does have it all. Perfectly situated among the city’s newest developments and funky shops, the building includes a commercial space, two residential apartments AND two Airbnb units. That’s a whole lot of income potential – especially since the short term rental units are highly rated and very popular during peak seasons. Both units (1BR and a Bachelor) are meticulously designed with white washed walls, exposed brick panels, wood flooring and lots of light. They each feature an open concept layout with a full kitchen, bathroom, laundry and plenty of space. The 1BR even includes a small balcony. The rave reviews online about the gorgeous space and perfect location are added proof that this is a great area to be in. The two residential apartments (1 BR and 3 BR) are also just as rave- worthy. Each unit boasts a great layout that includes a separate kitchen and living room, in-unit laundry and lots of sunlight throughout. There are also 3 on- site parking spots that you can offer your tenants, rental visitors or commercial customers. Speaking of, the main floor commercial space is currently rented which makes for an even easier transition for you as the new landlord. It’s close to downtown and near the newest donut shops, mercantiles and eateries. An investment opportunity like this in such a highly sought-after area doesn’t happen often and won’t be around for long. Call me today to chat more about the financials, building plans or even go for a tour.
Interior Features: Flooring: Engineered Hardwood, Hardwood
Exterior Finish: Wood Shingles
Heating: Electric, Baseboard, Ducted Cooling, Forced Air
Extra Features: Air Conditioning, Apt Conforming, Cable, Laundry, Multi-Use Rooms, Telephone
Community Features: Park, Playground, Public Transit, Recreation Center, Shopping
Foundation: Concrete, Stone
Inclusions: Commercial unit: 1 Fridge Unit A: Oven, Fridge Unit B: Oven, Fridge, Dishwasher Unit C: Oven, Fridge, Washer/Dryer, Dishwasher 5533: Oven, Fridge, Washer/Dryer, Dishwasher, Exclusions: Commercial Unit: Washer/Dryer (x2), Shevling, Art
1 Bachelor, 2 One Bedroom, 1 Three Bedroom, 5 Occupied
Approximate Total Income: $96,299.52, Maintenance Expense: $8412.31, Snow and Garbage Expense: $1,573.49, Heating Bill: Electric Heat, Electricity Bill: $2928.85, Management Expense: $11,166.53, Other Costs: $1835.90, Taxes Costs: $2351.87, Approximate Total Expenses: $28,268.95, Approximate Net Income: $68,030.57
Appliances: 4 Stoves, 5 Fridges, 3 Dishwashers, 2 Washers, 2 Dryers
Sewer/Water Systems: Water Source: Municipal, Sewage Disposal: Municipal
Roof: Asphalt Shingle
Brokered and Advertised by :
Royal LePage Atlantic
Information is deemed to be correct but not guaranteed.
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