$820,000

For sale

6 Randall Avenue, Halifax - Multi-family for Sale

6 Randall Avenue, Halifax, Nova Scotia, B3M1E2

7,706 sq ft (0.17 ac) lot sizeListed 43 days ago

Overview

This multi-family property in Halifax is for sale. It has been on the market 43 days, fresher than the Halifax average of 83 days.

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Investment analysis

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$820,000

Halifax

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Description

Well-located fourplex offering an attractive opportunity for investors looking to add value and grow income over time. The property features a desirable unit mix of three 2-bedroom units and one 1-bedroom unit. Several significant capital improvements have recently been completed, including a new roof in 2026 and a new oil tank and boiler in 2025. With current rents below market levels, the property offers meaningful upside potential as units turn over and rents are brought closer to current market rates. The combination of a practical unit mix, established rental income, and future rental growth makes 6 Randall Avenue a compelling opportunity for investors looking to expand their Halifax multifamily portfolio. (id:66096)

Property Details

MLS®: 202624066
Property Type: Multi-family
Lot Size: 7,706 sq ft (0.17 ac)
Year Built: 1966
Heating: Baseboard heaters, Oil, Hot Water
Garage: Paved Yard, Shared
Ownership: Freehold
Listed: 43 days ago

Features

Appliances: Washer, Dryer - Electric, Refrigerator, Range - Electric
Flooring: Tile, Hardwood, Laminate
Foundation: Concrete Perimeter
Exterior: Wood shingles

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Cable Available

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

43d

Halifax listings, avg age

83d

List price

$820K

Haho

This multi-family in Halifax has been listed for 43 days, which is 40 days fresher than the city average of 83. Act while there is still low competition.

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Listed by Keller Williams Select Realty (Branch) · Ally Connors

Location

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$820,000

For sale

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Full Cost Breakdown

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Down Payment6.95% · $57,000.00

Min 6.95%50%

Mortgage payment$4,230/mo

↳ CMHC premium ($30,520 capitalized)

Est. property tax$615/mo

Total monthly$4,845

Cash Needed to Close

Down payment (6.95%)$57,000

Land transfer tax$12,300

Est. closing costs$4,960

Total cash needed$74,260

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