Property description for 116 Coronation Avenue, Halifax, NS B3N 2N1

Investor opportunity or live in one unit and rent the other as the basement will be vacant mid-August! This 2-unit bungalow is located in the heart of Fairview and has a capitalization rate of 5.6%. The upper unit features 2 bedrooms, 1 bathroom, electric baseboard heating, and a ductless heat pump. The tenant currently pays $1,375/month + NSP on a fixed-term lease until September 30, 2026. The lower unit offers 1 bedroom, 1 bathroom, and was fully renovated in 2019. It also includes electric baseboard heating and a ductless heat pump. The tenant currently pays $1,400/month + NSP on a fixed-term lease until August 31, 2026. There's enough parking for two cars, one for each unit. With its prime Fairview location, this property offers strong rental appeal and consistent demand, making it easy to fill vacancies when they arise. Total rental income is $33,300. Property taxes for 2026 are $3,037.28. Current annual insurance cost is $1,951.92. Last year's water bill expense was only $663.39. Current NOI is $27,647.41. (id:38686)

QUICK OVERVIEW

Built in 1960
Heat Pump, Baseboard heaters, Electric, Ductless
1 Day on website
0.1374 acres lot

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Andrew Stephens

Listing Office Exit Realty Metro, 902-444-3948

Updated Saturday, August 1, 2026 at 3:55:20 AM

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NEIGHBOURHOOD

About the Fairview Neighbourhood

Ceux qui préfèrent un milieu de vie paisible tomberont sous le charme de Fairview. On compte une trentaine de parcs à proximité, comme par exemple Chain of Lakes Trail Park, ce qui fait qu'il est très facile de se rendre jusqu'à l'un d'entre eux à pied. Le secteur plaira aussi aux acheteurs qui apprécient les environnements silencieux, étant donné que le bruit lié à la circulation automobile pose rarement problème.

Learn more about Fairview

Daycares

Au moins une garderie à quelques pas à pied

Quiet

Pas ou très peu de sources de bruit à proximité

Elementary Schools

Au moins une école primaire à moins de 5 minutes à pied

High Schools

Au moins une école secondaire à moins de 10 minutes à pied

Car friendly

Accès à des voies rapides et/ou des artères majeures, avec un faible risque de problèmes de stationnement

CLIMATE RISK FOR B3N 2N1

FINANCING

10 Tips for Getting the Best Mortgage Rate in Canada

Mortgage Payments for 116 Coronation Avenue, Halifax, NS B3N 2N1

$2,224

Monthly

Estimated Payment

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116 CORONATION AVENUE, HALIFAX, NS B3N 2N1