NS
Halifax
Fairview
B3N 2E1
7 School Avenue
7 School Avenue, Fairview, NS B3N 2E1
Share Listing
Listing Type
Multi Family
Listing Status
Active
50
$725,000

Home Details for 7 School Avenue

Price
$725,000
Type
Residential Income
Bedrooms
7
Year built
1967
Lot size acres
0.1403
County
Halifax
Basement
Finished
MLS Listing#
202622616
Property Description

Excellent investment opportunity in a highly convenient Fairview location! This well-maintained property is configured for three units but is currently being rented as two, offering an investor an exciting opportunity to maximize the income potential with minimal changes needed to convert to three legal units. Two excellent tenants are currently in place, and both would love the opportunity to stay. The upper level features a spacious 3-bedroom unit currently rented for $1,730/month, while the middle level offers another 3-bedroom unit and the lower level features a 1-bedroom unit. The middle and lower units are currently rented together for $3,000/month, bringing the current total rental income to $4,730/month. With the property currently operating as two rental units and rents offering room for growth, there is significant upside for an investor looking to increase future rental income. All units are in great condition, with separate entrances and multiple paved parking spaces. Heating is provided by electric baseboards and ductless heat pumps, with tenants paying their own heat and electricity. The property has seen approximately $70,000 in upgrades since 2022, including a brand-new multi-level deck, updated flooring in the lower unit, new appliances, and numerous other improvements. Outside, enjoy a beautiful level backyard with plenty of usable space and a convenient shed for additional storage. Located close to shopping, schools, restaurants, public transit, parks and everyday amenities, with easy access to both Halifax and Dartmouth, this is an ideal opportunity for investors seeking strong existing income, quality tenants, excellent condition and substantial future rental upside. With the building already configured for three units and only minimal changes anticipated to transition to three legal units, this property offers an excellent opportunity to unlock even greater income potential.

Property Features
  • Heating Information
    • Baseboard
    • Ductless
  • Water Features
    • Public
  • Utilities
    • Electricity Connected
  • Parking
    • Paved
  • Basement
    • Finished
School Information
School Information for 7 School Avenue, Fairview, NS B3N 2E1
Elementary School
Burton Ettinger Elementary School
Middle School
Fairview Junior High School
High School
Halifax West High School
Listing Courtesy: Exit Realty Metro
NSAR IDX Reciprocity listings are displayed in accordance with NSAR's IDX Agreements and property information is provided under copyright © by the Nova Scotia Association of REALTORS® The above information is from sources deemed reliable but it should not be relied upon without independent verification.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Nova Scotia AOR.
EXIT REALTY TOWN & COUNTRY
8873 Commercial Street, New Minas, NS B4N 3C4
Office
902 679 1177
Request more details
Code: