- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202509528
- Photos (35)
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Nestled in the heart of Halifax’s iconic Hydrostone District, this beautifully maintained property offers the perfect blend of charm, cash flow, and serious development potential. Currently operating as three fully legal, high-performing Airbnb units — a spacious 2 bed/2 bath, a bright 2 bed/1 bath, and a cozy 1 bed/1 bath — the building generates over $170,000 in annual gross revenue. Each unit is professionally finished, consistently in demand, and located in one of the city’s most walkable and sought-after neighbourhoods. What truly sets this property apart is its rare and coveted “corridor” zoning — Halifax’s most flexible designation. This allows for a wide variety of permitted uses, including potential for additional residential density or mixed-use development, giving investors long-term upside in a fast-growing urban core. With a cap rate well above national averages and an unbeatable location, this is an exceptional opportunity for anyone looking to secure a turn-key, income-generating asset with major future potential. Whether you're after a short-term rental portfolio, a live-in investment, or a long-view development play, this Hydrostone gem delivers on all fronts. Being offered fully furnished and operational — just step in and start earning.
- Kane to Ilseville
- Listing Sub-Area:
- 3-Halifax North
- Property Type:
- Multi-Family
- Multi-Family Type:
- Triplex
- Title To Land:
- Freehold
- Building Dimenions:
- 50 x 28
- Lot Size:
- 2,622 sq. ft.244 m2
- Prop Size:
- Under 0.5 Acres
- # of Rental Units / Occupied:
- 0
- Exterior Finish:
- Steel
- Foundation:
- Stone
- New Constr.:
- No
- Basement:
- Undeveloped
- Floor Finish:
- Laminate, Tile
- Roof:
- Rolled
- Heating:
- Baseboard, Heat Pump -Ductless
- Fuel:
- Electric
- Parking Description:
- On Kane, Other driveway between the buildings has an easement to allow access for commercial building next door.
- Driveway:
- Paved
- Water Supply:
- Municipal
- Sewer:
- Municipal
- Num Units:
- 3
- Num 1 Bed Units:
- 1
- Num 2 Bed Units:
- 2
- # Of Dryers:
- 2
- # Of Fridges:
- 3
- # Of Microwaves:
- 3
- # Of Stoves:
- 3
- # Of Washers:
- 2
- Rental Income:
- $165,000
- Laundry Income:
- 0
- Other Income:
- 0
- Approx. Net Income:
- $34,653
- Taxes Costs:
- $11,253.58
- Other Costs:
- $8,400
- Approx. Total Expense:
- $177,045
- Approx. Total Income:
- $165,000
- Air Conditioning, Ensuite Bath, Heat/Air Exchange
- All furnishings
- Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
- Barbeque, Oven, Dishwasher, Dryer, Washer, Microwave, Refrigerator
- None
- Deck
- No
- Zoning:
- COR
- Possession Info:
- Negotiable - Ideally July 1st onward.
- Elementary School:
- St Joseph's - Alexander Mckay El
- French Imm Elementary School:
- St Joseph's - Alexander Mckay El
- French Imm High School:
- Citadel High School
- French Imm Middle School:
- Oxford School
- High School:
- Citadel High School
- Middle School:
- Highland Park Junior High School
- Listed Date:
- May 01, 2025
- Days on Mkt:
- 71
Larger map options:
Listed by Keller Williams Select Realty
Data was last updated July 11, 2025 at 01:20 AM (UTC)
Area Statistics
- Listings on market:
- 111
- Avg list price:
- $975,000
- Min list price:
- $369,900
- Max list price:
- $5,250,000
- Avg days on market:
- 63
- Min days on market:
- 1
- Max days on market:
- 868
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Sam Bianchini, REALTOR®
- Bedford
- 902-371-1532
- Contact by Email