817 Tower RoadHalifax Peninsula, NS B3H 2Y1

Description

Nothing else like it on the market! Immediately adjacent to Saint Mary’s University, 817 Tower Road/5791 Harrington Drive is a legal triplex offering established income and exceptional upside in one of Halifax’s strongest rental locations. Spanning approximately 4,000 sq. ft., the property is configured as three self-contained apartments, one on each level, with ten bedrooms currently rented under three fixed-term leases. Significant renovations completed over the past eight years include fire separation, extensive electrical upgrades with new meters and panels, a newer natural-gas heating system, three bathrooms, two kitchens, approximately 80% replacement windows and additional improvements. Current rents are believed to be below market, while the building offers the potential to accommodate up to 14 individually rented bedrooms under a shared-housing model, potentially increasing gross rental income by approximately 46%. The upper apartment includes four rented bedrooms, two full bathrooms and two existing loft rooms, with water and sewer roughed in for a potential additional bathroom. The main-floor apartment contains three bedrooms and generous living space that could potentially be reconfigured to create two additional rooms. The walkout ground-level apartment includes three bedrooms and its own living and kitchen areas. Additional highlights include coin-operated laundry, separate electrical meters, parking for four vehicles and a registered right-of-way from Harrington Street. Walk to universities, hospitals, downtown, transit, restaurants, cafés, shopping and everyday amenities, with Point Pleasant Park only minutes away. Shared-housing potential, projected income and alterations are estimates only and subject to purchaser verification and all required approvals, permits and other requirements. Detailed financials, floor plans and other property information are available upon an accepted offer. Access for viewings is from 817 Tower Road only.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1935

Stories

3

Lot size

0.14 acres

Ownership

Freehold

Zoning

ER-3

Days on market

58

MLS^® Listing#

202623152

Property Features

Appliances

Cooktop · Range · Dryer · Washer · Refrigerator · Other

Heating

Hot Water · Radiant · Baseboard

Flooring

Hardwood · Laminate · Tile · Vinyl

Basement

Partially Finished · Walk-Out Access

Parking

Driveway · Paved

Patio

Deck

Construction

Brick · Shingle Siding

Foundation

Concrete Perimeter

Roof

Asphalt

Community

Park · Playground

Utilities

Natural Gas Available · Electricity Connected · Natural Gas Connected

Sewer

Public Sewer

Water source

Public

Parcel number

41438342

Schools

Elementary

Inglis Street Elementary School

Middle

Gorsebrook Junior High School

High

Citadel High School

Directions

From Inglis Street, Right on Tower Road to 817 on the Left