Description
Fantastic opportunity to add a newly renovated 31-room international student residence to your portfolio. Ideally positioned just minutes from Dalhousie University, University of King’s College, and Saint Mary’s University, this ideally-located income property benefits from consistent demand and strong occupancy in one of Halifax’s most established student rental markets. CMHC financing has been in place since June 2024, featuring a 50-year amortization supported by the property’s exceptional energy score of 100 points — a financing advantage that is no longer available under current CMHC offerings. The building is thoughtfully configured for student living, offering 31 furnished rooms, two communal kitchens with granite countertops, eight bathrooms, laundry facilities, and modern furnishings in each room, including a bed, nightstand, desk, chair, and mini fridge. The layout is designed to support efficient operations while providing a comfortable and functional living environment for tenants. Major recent upgrades have been completed throughout the property in the last few years, including vinyl siding, roof shingles, electrical, plumbing, foundation improvements, added lower-level windows, internet access points, lighting, paint, furniture, hardware, and a remote monitoring system. Essentially, all major systems and overall student experience have been significantly enhanced. The property benefits from an efficient natural gas boiler, with solar pre-heating being added shortly to further reduce energy costs while providing ample heat and hot water throughout the building. There are also 3 parking spots that can be easily rented for extra income or for easy parking for management/cleaners. For investors seeking a turnkey, high-demand student rental with strong cash flow, meaningful upside, and an exceptional university-adjacent location, this is a rare opportunity in the Halifax market. **Share sale available**
Listing Details
6033 South Street, Halifax Peninsula, B3H 1S8
ACTIVE
$6,600,000
202609959
n/a
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00055707
Municipal
Municipal
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Building Specifications
Concrete
Asphalt Shingle
Vinyl
Carpet,Ceramic,Tile
