7 School Avenue, FAIRVIEW

2026-09-09
 

Quick Summary

Location
7 School Avenue, FAIRVIEW, Nova Scotia B3N2E1
Price
$725,000 CAD
Status:
For Sale
Property Type:
Multi-family
Year of Construction:
1967

MLS®#202622616

Property Description

Excellent investment opportunity in a highly convenient Fairview location! This well-maintained property is configured for three units but is currently being rented as two, offering an investor an exciting opportunity to maximize the income potential with minimal changes needed to convert to three legal units. Two excellent tenants are currently in place, and both would love the opportunity to stay. The upper level features a spacious 3-bedroom unit currently rented for $1,730/month, while the middle level offers another 3-bedroom unit and the lower level features a 1-bedroom unit. The middle and lower units are currently rented together for $3,000/month, bringing the current total rental income to $4,730/month. With the property currently operating as two rental units and rents offering room for growth, there is significant upside for an investor looking to increase future rental income. All units are in great condition, with separate entrances and multiple paved parking spaces. Heating is provided by electric baseboards and ductless heat pumps, with tenants paying their own heat and electricity. The property has seen approximately $70,000 in upgrades since 2022, including a brand-new multi-level deck, updated flooring in the lower unit, new appliances, and numerous other improvements. Outside, enjoy a beautiful level backyard with plenty of usable space and a convenient shed for additional storage. Located close to shopping, schools, restaurants, public transit, parks and everyday amenities, with easy access to both Halifax and Dartmouth, this is an ideal opportunity for investors seeking strong existing income, quality tenants, excellent condition and substantial future rental upside. With the building already configured for three units and only minimal changes anticipated to transition to three legal units, this property offers an excellent opportunity to unlock even greater income potential. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Park, Playground, Public Transit, Shopping, Place of Worship

Building

  • Appliances: Stove, Dishwasher, Dryer, Washer, Refrigerator
  • Cooling Type: Air Conditioned
  • Exterior Finish: Vinyl
  • Fireplace: No
  • Flooring Type: Laminate, Tile
  • Building Type: Triplex
  • Utility Water: Municipal water

Land

  • Land Size: 0.1403 ac
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Structure

  • Structure: Shed

Information entered by Exit Realty Metro
Listing information last updated on: 2026-09-08 17:03:15


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