6299 Payzant Avenue, South End, NS (MLS® 202204486).

6299 Payzant Avenue, South End, NS (MLS® 202204486): Prime south end property, built in the 1960`s, tongue and groove construction. This legally R-2 zoned family home or investment property is just a 3 minute walk to Dalhousie university and Kings college! It also has a pending permit for a secondary suite as a legal triplex with 3 parking spaces and and secondary suite in process for HRM. There will be 2 bedrooms in the main unit, 4 bedrooms in the basement unit and 3 bedrooms in the second floor unit. Perfect for a new owner to occupy 1 unit and have two rental units - The property also has a large backyard for gardening and well landscaped front yard! Incomes covers the mortgage and expenses while also brining in a strong IRR (Internal Rate of Return.) Rents are currently $850 a bedroom plus utilities or $2000 and $2300 a unit plus utilities. All tenants are students and will be moved out and graduated by the end of April! Payzant is also a quiet street in a busy area and great neighbours! Upgrades all new windows (2018. Separation wall built to increase to 5 legal bedrooms. Secondary suite projects will also bring in some more units. Existing shed able to be changed into Greenhouse and fenced backyard for great for pets. Come and see this hidden gem in the South End great for a family home or a investment opportunity!

Inclusions

Listing Courtesy of: RE/MAX NOVA - 15867