116 Coronation Avenue, Halifax
Investor opportunity or live in one unit and rent the other as the basement will be vacant mid-August! This 2-unit bungalow is located in the heart of Fairview and has a capitalization rate of 5.6%. The upper unit features 2 bedrooms, 1 bathroom, electric baseboard heating, and a ductless heat pump. The tenant currently pays $1,375/month + NSP on a fixed-term lease until September 30, 2026. The lower unit offers 1 bedroom, 1 bathroom, and was fully renovated in 2019. It also includes electric baseboard heating and a ductless heat pump. The tenant currently pays $1,400/month + NSP on a fixed-term lease until August 31, 2026. There's enough parking for two cars, one for each unit. With its prime Fairview location, this property offers strong rental appeal and consistent demand, making it easy to fill vacancies when they arise. Total rental income is $33,300. Property taxes for 2026 are $3,037.28. Current annual insurance cost is $1,951.92. Last year's water bill expense was only $663.39. Current NOI is $27,647.41. (id:1945)
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Property details for 116 Coronation Avenue, Halifax
- Type
- Multi-family
- Lot Size
- 0.1374
- Basement
- Full, Walk out
- Heating
- Heat Pump, Baseboard heaters, Electric, Ductless
- Exterior
- Wood shingles
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 116 Coronation Avenue
Active Listings
112
Min Price
$20,000
Max Price
$3,999,900
Avg Price
$670,694
Days on Market
79
days
Sold Listings
35
Min Sold Price
$299,900
Max Sold Price
$2,500,000
Avg Sold Price
$651,631
Days until Sold
79
days
Neighbourhood Census Data
Halifax, Nova Scotia / Nouvelle-Écosse
Population
652
Median Age
40.5
Median Income
$28,896
Dwelling Value
$250,754
Housing Tenure
Owners 40%
Renters 60%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 3,757.9/km²
Avg Shelter Cost: $987/mo
Owners with Mortgage: 56%
Owners Spending 30%+: 11.5%
Tenants Spending 30%+: 48.7%
English only: 88.5%
English and French: 10.8%
Neither: 0.8%
Median Household Income: $52,096
Median Employment Income: $25,984
Price History
Listed
July 31, 2026
by Exit Realty Metro
Current Price
$489,900
Type
Multi-family
For Sale
