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31
$1,495,000 Sale
Listed 27 days ago
1645 Oxford Street|1647 Oxford Street
· 7+3
· 3.0
· 0
· 4731
Key Facts
Key facts for 1645 Oxford Street|1647 Oxford Street
Property Type
Apartment
Parking
Garage: No, 0 parking
MLS #
202623438
Size
4731 sqft
Basement
Finished, Full (Finished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1930
Maintenance Fee
-
Description
Turnkey income property in Halifaxs premier university rental corridor, 1645/1647 Oxford Street presents a rare opportunity to acquire a fully rented South End legal duplex with strong, stable cash flow and long-term upside, all within walking distance to multiple universities, major hospitals, amen...ities, and transit. Ideally positioned for the high-demand student rental market, the property generates gross annual revenue of approximately $114,300, with total operating expenses of approximately $24,166.36 per year and an estimated Net Operating Income of approximately $90,133.64. The building offers 10 bedrooms total, including a seven-bedroom upper flat spanning two levels and a bright three-bedroom lower unit with an open-concept kitchen and living area, along with parking for four vehicles. Situated on a 5,250 sq. ft. corner lot within the ER3 Low Rise High Density zone under the HRM Centre Plan, the property also offers excellent redevelopment potential. Each unit has separate entrances and power meters for ease of management. Extensively upgraded and well maintained, major improvements since 2015 include the addition and 2024 renovation of the basement unit, upgraded electrical systems, replacement of the lead water service line and cast iron piping, blown-in insulation, heat pumps, exterior drainage improvements, updated siding and windows, and a new roof in 2023. Located adjacent to Dalhousie and Kings College and close to hospitals, this property benefits from consistently strong rental demand, low vacancy rates, and ongoing enrollment growth, making it a reliable, long-term income-producing asset. (id:10452)
Room Types
3pc Bathroom
-
Dimensions 5 x 11.7
58.5 sqft
4pc Bathroom
-
Dimensions 7.5 x 10.6
79.5 sqft
Bedroom
-
Dimensions 11.7 x 14.1
164.97 sqft
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Listing courtesy of: The Agency Real Estate Brokerage
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