5484-86 Clyde Street offers an investment opportunity to own an 8 unit apartment project in the heart of Downtown Halifax. Unit mix includes 6 x 2 bedrooms, and 2 x 1 bedrooms. The building was brought down to the studs and completely retrofitted in 2018. All units were renovated with new bathrooms, kitchens, in-suite ductless electric heat pumps, in-suite washers and dryers, and individual water tanks. This is perfect for an investor looking for a long-term hold with minimal upkeep. The property is located in the heart of the South End of Halifax, just south of Spring Garden Road. The location offers many amenities within walking distance including restaurants, shopping, the Halifax Central Library, and the Park Lane mall.
From Spring Garden Road heading East, turn right on to Birmingham Street, then turn left on to Clyde Street. Property is on your right.
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
53 x 42
Lot Size:
5,001 sq. ft.465 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
8
# Floors:
2
Exterior Finish:
Cementitious Board, Wood Siding
Foundation:
Concrete
Basement:
Fully Developed, Walkout
Floor Finish:
Carpet, Hardwood, Laminate, Tile
Roof:
Other
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Parking:
Yes
Parking Description:
4 marked parking spaces at rear of building.
Driveway:
Parking Spaces(s), Paved, Shared
Water Supply:
Municipal
Water And Sewage:
$3,754
Sewer:
Municipal
Num Units:
8
Num 1 Bed Units:
2
Num 2 Bed Units:
6
# Of Dishwashers:
8
# Of Dryers:
8
# Of Fridges:
8
# Of Microwaves:
8
# Of Stoves:
8
# Of Washers:
8
Rental Income:
Yes, $183,552
Laundry Income:
$325
Other Income:
$5,520
Approx. Net Income:
$150,134
Insurance Expense:
$7,216
Taxes Costs:
$11,183
Management expense:
$5,506
Snow / Garbage Collection:
$7,232
Heating Bill:
$0
Electricity Bill:
$553
Approx. Total Expense:
$39,263
Approx. Total Income:
$189,397
Air Conditioning, Apt Conforming, Balcony, Cable, Intercom, Laundry, Telephone
Tenant possessions
Park, Public Transit, Shopping, Place of Worship
Range - Electric, Dishwasher, Washer/Dryer Combo, Microwave Rng Hd Combo, Refrigerator
Data was last updated March 31, 2025 at 01:20 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,497,450
Min list price:
$949,900
Max list price:
$3,300,000
Avg days on market:
67
Min days on market:
9
Max days on market:
766
These statistics are generated based on the current listing's property type
and located in
2-Halifax South. Average values are
derived using median calculations.