627 Herring Cove Rd, Halifax, NS B3R 1X8
627 Herring Cove Rd, Halifax, NS B3R 1X8
627 Herring Cove Rd, Halifax, NS B3R 1X8
627 Herring Cove Rd, Halifax, NS B3R 1X8
627 Herring Cove Rd, Halifax, NS B3R 1X8
627 Herring Cove Rd, Halifax, NS B3R 1X8
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Listed by Brehannah Hopgood • The Agency Real Estate Brokerage
$ 974,900
Est. payment | /mo

8 Beds

5,201 Sqft Lot


$ 974,900
Est. payment | /mo

8 Beds

5,201 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202609459

Bedrooms 8

HOA Y/N No

Lot Size 5,201 Sqft

Acres 0.1194

Property Sub-Type Duplex

Source Nova Scotia

Property Description

Renovated turnkey side-by-side duplex offering exceptional flexibility and upside. This extensively renovated, vacant, move-in-ready income property has been fully upgraded throughout. The opportunities are unmatched: subdivide/separate the units and sell each individually with all services already separated (electrical, water, sewer, etc., estimated at approximately $20K to complete; buyer to confirm subdivision and separation requirements with HRM), or hold as a strong income property previously generating approximately $2,800+ per unit with tenants paying all utilities (power and water), resulting in over $60K net annual income (including taxes and insurance) with an estimated 6.4% cap rate (buyer to verify financials and calculations), or house hack by living in one unit and renting the other. The property features two separate 200-amp panels (one per unit), all new electrical including plugs, lighting, thermostats, and hardwired smoke detectors, new efficient electric baseboards, all new plumbing, vinyl plank flooring throughout, new trim, closet doors, interior and exterior doors, renovated kitchens with new appliances and hardware, updated bathrooms, new stairs, new front and back porches, new windows from the main level down, and fresh paint throughout, creating a near brand-new duplex. Located just 15 minutes to downtown Halifax in a rapidly developing area with significant nearby growth and strong comparable sales supporting values of $550K+ per side, with peninsula properties exceeding $1M generating similar rents, this is a rare turnkey investment with multiple high-performing strategies in a prime location poised for appreciation.

Location

Province NS

County Halifax

Area 7-Spryfield

Zoning R-2 - RESIDENTIAL MEDIUM DENISTY

Region Halifax - Dartmouth

City Region Halifax - Dartmouth

Rooms

Basement Full, Partially Finished

Bedroom 2 $2400

Dining Room $67, 200

Kitchen $2000

Interior

Heating Baseboard

Flooring Ceramic Tile, Tile, Vinyl Plank

Inclusions All Appliances

Equipment No Rental Equipment

Fireplace No

Appliance Electric Range, Dishwasher, Washer/Dryer, Refrigerator, Stove, Microwave, Washer, Dryer

Exterior

Community Features Golf, Park, Near Public Transport, Recreation Center, Shopping, Place of Worship

Utilities Available Electricity Connected

View Y/N No

Roof Type Asphalt

Porch Deck

Garage No

Private Pool No

Exclusions All Staging

Building

Lot Description Under 0.5 Acres

Story 2

Foundation Concrete Perimeter

Sewer Municipal

Water Municipal

New Construction No

Others

Ownership Freehold

ParcelsYN No

Virtual Tour https://www.instagram.com/p/DX41HUipkKb/

Nova Scotia Association of Realtors

Nearby Locations

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627 Herring Cove Rd