$1,369,900
Welcome to this exceptional opportunity in the heart of Halifax on vibrant Quinpool Road. Ideally located within walking distance to all amenities, this high-visibility property offers strong income and long-term upside in one of the citys most sought-after corridors. This fully leased mixed-use building features both residential and commercial components. The upper level includes two residential units, each offering 2 bedrooms, providing stable rental income. The main level is fully commercial and equipped with a commercial-grade kitchen, spacious seating area, and dedicated storage ideal for restaurant, café, or other service-based operations. Zoned COR (Corridor Zone), the property allows for a wide variety of permitted uses, offering flexibility for investors and future potential for repositioning or redevelopment. The building is currently generating $9,500 per month in rental income, delivering an attractive 7.74% cap rate after expenses a rare find in this prime central location. Opportunities like this do not come to market often on Quinpool Road. Secure a high-performing asset in a thriving urban hub. (id:63476)
Business
|
Business Type |
Restaurant, Residential |
|
Business Sub Type |
Restaurant, Residential |
Property Details
|
MLS® Number |
202603641 |
|
Property Type |
Retail |
|
Community Name |
Halifax |
|
Amenities Near By |
Public Transit, Shopping |
|
Community Features |
High Traffic Area |
Building
|
Constructed Date |
1952 |
|
Construction Material |
Concrete Walls |
|
Flooring Type |
Wood |
|
Total Finished Area |
3200 Sqft |
|
Utility Water |
Municipal Water |
Parking
Land
|
Acreage |
No |
|
Land Amenities |
Public Transit, Shopping |
|
Size Irregular |
0.0488 |
|
Size Total |
0.0488 Ac |
|
Size Total Text |
0.0488 Ac |