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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$712,200
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
Welcome to 6135A North Street, Halifax a prime triplex opportunity in one of the citys most sought-after rental corridors. Located near the corner of Gladstone and North, this property is perfectly positioned to deliver strong rental demand, consistent returns, and long-term value. With all three units vacant the stage is set for a new landlord to hand-pick tenants and set market rents from day one. The building features three one-bedroom units, each with a practical layout and easy rental appeal. Whether youre targeting students, professionals, or downsizers, the location and design make this an attractive option for a wide variety of tenants. Investors will also appreciate the flexibility of the vacant possession no tenant inheritances, no outdated rents, and a clean slate to maximize income potential right away. Beyond the units themselves, the property includes ample off-street parking, a rare commodity in this central Halifax neighbourhood. A large storage shed provides additional tenant storage while the shared backyard offers outdoor space that adds to tenant satisfaction and retention. These features not only boost the rental appeal but also set the property apart from many others in the area. The location is hard to beat steps from Gladstone, North, and Agricola Streets, tenants will enjoy immediate access to grocery stores, cafés, restaurants, breweries, shops, public transit, and universities. This area continues to see strong growth and revitalization, ensuring that properties here remain in high demand for both renters and long-term investors. Whether youre expanding your portfolio or stepping into Halifaxs investment market, 6135 North Street represents a solid opportunity to secure a multi-unit property with immediate upside. With vacant possession, prime central location, and strong rental fundamentals, this triplex is ready for its next chapter under new ownership. Dont miss this opportunity. (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
North
Postal Code
B3K1P2
Location Highlights
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Listed by
RE/MAX Nova 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
$712,200
Asking Price
$712,200
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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