1645 Oxford Street 1647 Oxford Street, Halifax, NS B3H 3Z5
- $1,495,000
- List Price
- $1,495,000
- Status
- ACTIVE
- MLS#
- 202623437
- Lot Size (Acres)
- 0.12050000000000001
- Year Built
- 1930
Property Description
Turnkey income property in Halifax’s 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, amenities, 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 King’s 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.
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Additional Information
- Area
- Halifax - Dartmouth
- Foundation
- Concrete Perimeter
- Community Features
- Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Shopping, Place of Worship
- Basement
- Full, Finished
- Appliances
- Range, Dishwasher, Dryer, Washer, Refrigerator, Stove
- Flooring
- Ceramic Tile, Hardwood, Vinyl
- Exterior Finish
- Vinyl Siding
- Parking Features
- Parking Spaces(s), Paved
- Roof
- Asphalt
- Utilities
- Electricity Connected
- Water Source
- Municipal
- Sewer
- Municipal
- Elementary School
- Lemarchant - St Thomas Elementary School
- Middle School
- Halifax Central Junior High School
- High School
- Citadel High School
- Appliances
- Range, Dishwasher, Dryer, Washer, Refrigerator, Stove
- Zoning
- ER-3
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Listing courtesy of The Agency Real Estate Brokerage.