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1061 Wellington Street
2-Halifax South Halifax B3H 3A1

$2,900,000
Multi-Family built: 1965

Main Photo: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 1: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 2: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 3: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 4: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 5: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 6: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 7: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 8: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 9: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 10: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 11: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 12: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 13: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 14: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 15: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 16: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 17: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 18: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 19: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 20: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 21: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 22: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 23: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 24: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 25: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 26: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 27: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Photo 28: 1061 Wellington Street in Halifax: 2-Halifax South Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202124307
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202124307
Year Built:
1965
Here is your opportunity to purchase a legal 8 unit building in the highly desirable South End! Fully leased, this building is currently configured as: 2 X 1BR, 2 X 2BR, 1 X 3BR, 3 X 4BR and a studio. The layout lends itself to an internal conversion given the two level units on floors 2 & 3 or future development options exist under new HR-1 Zoning (max height of 14 metres). Heated with natural gas the landlord also currently pays for electricity, however, it could be separately metered going forward for each unit. Other features include: 6 covered parking spots + 1 uncovered and common laundry room with owned equipment. The units are large, bright and the bedroom count is ideal! Solid long term investment with additional revenue opportunities. Assignable Phase 1 on file. Viewings by appointment - act now.
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
4 Storeys
Lot Details:
5740
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
8
Year built:
1965 (Age: 56)
Age:
56
# Floors:
4
Exterior Finish:
Brick, Wood Siding
Foundation:
Concrete
Basement:
Partial, Partially Developed
Floor Finish:
Ceramic, Hardwood, Laminate, Vinyl
Roof:
Other
Heating:
Baseboard, Hot Water
Fuel:
Natural Gas
Garage Description:
6 covered parking spots, not enclosed. 1 surface spot.
Parking:
Yes
Parking Description:
6 covered, 1 surface.
Driveway:
Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
5468
Sewer:
Municipal
Num Units:
8
Num Bachelor Units:
1
Num 1 Bed Units:
2
Num 2 Bed Units:
2
Num 3 Bed Units:
1
Num 4 Bed Units:
3
# Of Dishwashers:
0
# Of Dryers:
1
# Of Fridges:
8
# Of Microwaves:
0
# Of Stoves:
8
# Of Washers:
1
Rental Income:
Yes, 185574
Laundry Income:
1450
Other Income:
2400
Approx. Net Income:
136841
Insurance Expense:
5318
Taxes Costs:
18636
Other Costs:
1100
Maintenace:
1670.0
Snow / Garbage Collection:
5068
Heating Bill:
9488
Electricity Bill:
5835
Approx. Total Expense:
52583
Approx. Total Income:
189424
Apt Conforming, Laundry, See Remarks
All appliances.
Park, Playground, Public Transit, Recreation Center, Shopping
None
No
Assessment:
1740500.0
Assessment Year:
2021
Zoning:
HR-1
Elementary School:
Inglis Street Elementary School
Middle School:
Gorsebrook Junior High School
High School:
Citadel High School
Possession Info:
Subject to Tenancy
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Listed by Red Door Realty
Data was last updated October 22, 2021 at 03:20 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$1,295,000
Min list price:
$799,900
Max list price:
$2,900,000
Avg days on market:
44
Min days on market:
2
Max days on market:
188
These statistics are generated based on the current listing's property type and located in 2-Halifax South. Average values are derived using median calculations.
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Baths (Min)
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