We are a fully licensed real estate brokerage offering the same top-tier services and exposure as the big names in the industry—but at a lower commission rate. Here's what you can expect when you work with us: ✅ Full MLS® system listing ✅ Exposure on all major internet real estate platforms ✅ Professional signage (where permitted) ✅ Property showings and open houses ✅ Strategic advertising to attract buyers ✅ Skilled negotiation to secure the best deal ✅ Seamless conveyancing to ensure a smooth closing With us, you’re getting everything you need to sell your property successfully—just without the high commission fees.
1550-1554 Vernon Street Street, HALIFAX
2026-10-03
Quick Summary
MLS®#202624982
Property Description
A standout opportunity on Vernon Street, just steps from Coburg Road and Dalhousie University. Under the same ownership since 2004, this well-maintained triplex combines strong existing income, zero vacancy and a proven rental history in one of Halifaxs highest-demand rental locations. Comprising three civic addresses1550, 1552 and 1554 Vernon Streetthe property generates $174,692 in gross annual rental income, or $14,558 monthly. With annual operating expenses of approximately $29,275, NOI is $145,417, representing an attractive 7.0% cap rate. Units are separately metered for electricity, which is paid by the tenants; heat and hot water are included in the rents. Current leases are in place, providing income from day one. Significant capital improvements include a new roof and skylights (2022), new natural gas boiler (2022), replacement of wood windows with vinyl, upgraded electrical and most plumbing, and new front and rear steps (2026). Three on-site parking spaces are an added advantage in this highly walkable university neighbourhood. With established income, substantial upgrades already completed and an exceptional location within steps of Dalhousie, this is a rare opportunity to acquire a proven rental property in the heart of Halifaxs university district. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Playground, Public Transit, Shopping, Place of Worship
Building
- Appliances: Stove, Dishwasher, Dryer - Electric, Washer, Refrigerator
- Exterior Finish: Aluminum siding
- Fireplace: No
- Flooring Type: Hardwood, Laminate, Vinyl
- Building Type: Triplex
- Utility Water: Municipal water
Land
- Land Size: 0.0913 ac
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Royal LePage Atlantic
Listing information last updated on: 2026-10-02 18:14:48
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty East Inc's posted commission rates compared to a brokerage charging
5%. (HST is extra). Not all agents charge the same.
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One Percent Realty's top FAQs
Simple, Transparent Pricing—No Surprises! Our commission structure is designed to save you money while providing top-tier service: • Residential Properties Under $400,000: $7,950 • Residential Properties Between $400,000 and $900,000: $9,950 • Residential Properties Over $900,000: 1% of the sale price + $950 Plus applicable taxes. Optional Flexibility: You have the option to offer additional commission to the buyer's agent. The choice is entirely yours! For commercial properties, farms, or development properties, please contact a One Percent Realty East agent directly or fill out the market evaluation form at the bottom right of our website. An agent will be in touch to discuss your specific needs. It’s that simple. Maximum service, minimum commission!
Yes, yes, and yes! Our listings receive maximum exposure on the MLS® system, REALTOR.ca®, and all major real estate websites, ensuring your property gets seen by as many potential buyers as possible. With us, you’re never compromising on visibility—just saving on commission!
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Alison McNair REALTOR®
- Phone:
- (902) 830-4363
- Email:
- alisonmcnair@eastlink.ca
- Support Area:
- Halifax Municipality and surrounding areas, Elmsdale, Enfield, Belnan, Nine Mile RIver
With over 11 years experience in the real estate industry you can count on a high level of success ...
Full ProfileAdrienne Briand BROKER/REALTOR®
- Phone:
- (902) 499-7998
- Mobile:
- (902) 499-7998
- Email:
- abriand@onepercentrealty.com
- Support Area:
- Bedford, Hammonds Plains, . Halifax, Dartmouth, Sackville, Enfield, Elmsdale, Tantallon, Timberlea, West Bedford, Bedford South, Glen Haven, Glen Margaret, Boutiliers Point
Entering into the buying or selling market can be an overwhelming experience, but with the right REA ...
Full ProfileNatalie Urquhart B.A, REALTOR®, AIC Candidate Member (Appraisal Institute of Canada)
- Phone:
- (902) 489-0700
- Email:
- natalieonepercent@gmail.com
- Support Area:
- Bedford, Halifax, Dartmouth, Tantallon, Timberlea, Sackville, Elmsdale, Enfield, Chester, St Margarets Bay, Ellershouse, Beaver Bank
Selling and buying a home is a significant event. Natalie is a professional who will listen to your ...
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