817 Tower Road, Halifax Peninsula, NS

$1,650,000

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10

Beds

0.14

Acres

About 817 Tower Road

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 through the listing agent. Access for viewings is from 817 Tower Road only.

Features of 817 Tower Road

MLS® # 202623152
Price $1,650,000
Bedrooms 10
Acres 0.14
Year Built 1935
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 817 Tower Road
Area Halifax - Dartmouth
District 2-Halifax South
Sub-District 2-C
City Halifax Peninsula
County Halifax
Province NS
Postal Code B3H 2Y1

Amenities

Utilities Power, Electricity Connected, Natural Gas Connected
Parking Driveway, Paved
Is Waterfront No
Has Pool No

Interior

Interior Features Secondary Suite
Appliances Range, Dryer, Washer, Refrigerator, Other, Stove
Heating Baseboard, Hot Water, Radiator
Fireplace No
# of Stories 3
Has Basement Yes
Basement Partially Finished, Walk-Out Access

Exterior

Lot Description Under 0.5 Acres
Roof Asphalt
Construction Brick, Shingle Siding
Foundation Concrete Perimeter

School Information

Elementary Inglis Street Elementary School
Middle Gorsebrook Junior High School
High Citadel High School

Additional Information

Zoning ER-3

Listing Details

OfficeCentury 21 Optimum Realty

Listing Map

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