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**
South Street, Between Edward Street and Robie Street
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Building Dimenions:
61 x 28.6 + jogs
Lot Size:
3,202 sq. ft.297 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
31
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Concrete
Basement:
Fully Developed, Full, Walkout
Floor Finish:
Carpet, Ceramic, Tile
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Parking:
Yes
Parking Description:
3 spots out back
Driveway:
Multiple Driveways, Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
3,284
Sewer:
Municipal
Num Units:
31
Num Bachelor Units:
0
Num 1 Bed Units:
31
Num 2 Bed Units:
0
Num 3 Bed Units:
0
Num 4 Bed Units:
0
# Of Dishwashers:
1
# Of Dryers:
2
# Of Fridges:
31
# Of Stoves:
2
# Of Washers:
2
Rental Income:
Yes, 394,088
Laundry Income:
0
Other Income:
0
Approx. Net Income:
285,546
Insurance Expense:
12,514
Taxes Costs:
24,345
Other Costs:
0
Maintenace:
18910.0
Management expense:
16,749
Snow / Garbage Collection:
7,333
Heating Bill:
10,644
Electricity Bill:
6,882
Approx. Total Expense:
100,661
Approx. Total Income:
394,088
Laundry
Park, Playground, Public Transit, Recreation Center, School Bus Service
Data was last updated May 7, 2026 at 11:20 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,499,950
Min list price:
$959,900
Max list price:
$6,600,000
Avg days on market:
45
Min days on market:
1
Max days on market:
237
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. This data is not produced by
the MLS® system.