Our Office Listings

11 Melwood Avenue
8-Armdale/Purcell's Cove/Herring Halifax B3N 1E4

$1,449,900
Multi-Family

Main Photo: 11 Melwood Avenue in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202407075
Photo 1: 11 Melwood Avenue in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202407075
Photo 2: 11 Melwood Avenue in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202407075
Photo 3: 11 Melwood Avenue in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202407075
Photo 4: 11 Melwood Avenue in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202407075
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202407075
Take note investors, here is a great revenue stream that is extremely easy to rent. This property borders on Chocolate Lake Park & Beach. With easy access through the backyard to the park, beach, playground and basketball courts you can see why this is such a desirable location. The property consists of three 3-bedroom apartments and one bachelor loft apartment. Renovations have been completed on the 3-bedroom apartments within the last few years. The top floor bachelor apartment had a rear deck added with a great view of Chocolate Lake. There is also a coin operated laundry room on site.
Listing Sub-Area:
8-Armdale/Purcell's Cove/Herring
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
41.5 x 33.6 +jog
Lot Size:
7,200.468 sq. ft.
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
4
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Hardwood, Laminate, Tile
Roof:
Asphalt Shingle
Heating:
Baseboard, Hot Water
Fuel:
Oil
Parking:
Yes
Parking Description:
Paved parking area.
Driveway:
Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
2328.64
Sewer:
Municipal
Num Units:
4
Num Bachelor Units:
1
Num 3 Bed Units:
3
# Of Dishwashers:
3
# Of Dryers:
1
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
1
Rental Income:
Yes, 78,432 (projected 2024)
Laundry Income:
3600 (projected 2024)
Approx. Net Income:
54,722.84 (projected 2024)
Insurance Expense:
2734
Taxes Costs:
5748.03
Maintenace:
6755.87
Heating Bill:
8533.48
Electricity Bill:
1209.14
Approx. Total Expense:
27,309.16
Approx. Total Income:
82032 (projected 2024)
4 stoves, 4 fridges, 3 dishwashers, coin operated washer, coin operated dryer.
Tenants' belongings
Golf Course, Park, Playground, Public Transit, Recreation Center, Shopping, Marina, Place of Worship
Stove, Dishwasher, Dryer, Washer, Refrigerator
None
Deck
No
Zoning:
R-2 - RESIDENTIAL MEDIUM DENISTY
Elementary School:
Springvale Elementary School
Middle School:
St Agnes Junior High School
High School:
Citadel High School
French Imm Elementary School:
St Catherine's Elementary School
French Imm Middle School:
Oxford School
French Imm High School:
Citadel High School
Possession Info:
Negotiable
Listed Date:
Apr 13, 2024
Days on Mkt:
46
  • Photo 1: 11 Melwood Avenue in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202407075
    Photo 1 of 4
  • Photo 2: 11 Melwood Avenue in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202407075
    Photo 2 of 4
  • Photo 3: 11 Melwood Avenue in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202407075
    Photo 3 of 4
  • Photo 4: 11 Melwood Avenue in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202407075
    Photo 4 of 4
Data was last updated May 29, 2024 at 07:20 PM (UTC)
Area Statistics
Listings on market:
81
Avg list price:
$949,000
Min list price:
$199,900
Max list price:
$15,995,000
Avg days on market:
41
Min days on market:
1
Max days on market:
533
These statistics are generated based on the current listing's property type and located in Halifax-Dartmouth. Average values are derived using median calculations.
Steven Giffin, REALTOR®