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58 Bedford Hwy 5 Unit Apartment Building $1,659,170 USD ($331,834 USD/Unit) 5.10% Cap Rate Halifax, NS B3M 2J2
Investment Highlights
- High visibility and excellent access to key transit routes
- Central location, surrounded by retail, dining, and waterfront amenities
- Minutes from downtown Halifax, Bedford, and the MacKay Bridge, with public transportation directly accessible
Executive Summary
58 Bedford Highway is a recently renovated low-rise building featuring five residential units. This upgraded investment property offers a prime opportunity for buyers seeking a stable, income-generating asset in Halifax’s thriving rental market. Each suite is fully equipped with appliances and modern heating systems, including heat pumps and supplementary electric baseboards. Recent capital improvements, including a new roof structure in 2019 and comprehensive interior renovations, contribute to the property’s low net effective age and long-term durability.
Property Facts
| Price | $1,659,170 USD | Apartment Style | Low-Rise |
| Price Per Unit | $331,834 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.10% | Building Size | 7,888 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.2/1,000 SF |
| Zoning | C-2B Highway Commercial - Commercial; R-3 compliant | ||
| Price | $1,659,170 USD |
| Price Per Unit | $331,834 USD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 7,888 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2019 |
| Parking Ratio | 2.2/1,000 SF |
| Zoning | C-2B Highway Commercial - Commercial; R-3 compliant |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+2 | 3 | - | - |
| 4+2 | 1 | - | - |
1 1
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58 Bedford Hwy
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