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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$879,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Well-located triplex in the heart of Halifaxs vibrant North End, offering immediate rental income and long-term growth potential. The property features three self-contained units: one spacious two-bedroom, one one-bedroom plus den, and one one-bedroom unitproviding a desirable mix that appeals to a broad tenant base. Situated on Gottingen Street, one of Halifaxs most dynamic and evolving corridors, this property is surrounded by local cafés, restaurants, and cultural hubs, with the Halifax Commons just steps away. Walkable access to hospitals, universities, downtown, and major transit routes continues to drive strong and consistent rental demand, supported by nearby employment centres and ongoing neighbourhood revitalization. From an investment perspective, this location performs. The building supports solid fundamentals with reliable income and projected returns that reflect the strength of the area, with estimates indicating up to a 109% return on investment over five years based on current assumptions. An excellent opportunity for investors seeking a centrally located multi-unit property in a proven rental market with upside for the future. (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
Gottingen
Postal Code
B3K3C4
Location Highlights
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Listed by
Royal LePage Atlantic Nova Scotia listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$879,900
Asking Price
$879,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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