Presenting an exceptional investment opportunity in Halifax’s prestigious South End, 5283 South Street is a partially occupied, cash flow–positive triplex offering a rare combination of strong rental performance, prime location, and future development potential. The property features two spacious 4-bedroom units and one 2-bedroom apartment, each well-maintained and highly appealing to student and professional tenants. With six dedicated parking spaces, furnished rooms, included appliances, and shared coin-operated laundry, this property operates efficiently with proven rental history. Perfectly situated between Dalhousie University and Saint Mary’s University, and within walking distance to hospitals, restaurants, anddowntown amenities, it offers unbeatable convenience and enduring rental demand. Adding further value, the 6000 sq. ft. lot allows for a potential 4-unit backyard suite—making this a secure, high-performing investment in one of Halifax’s most desirable neighborhoods.
Barrington Street to South Street
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
42.5 X 50.3
Lot Size:
5,998 sq. ft.557 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
3
Age:
145
# Floors:
3
Exterior Finish:
Wood Siding
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Carpet, Engineered Hardwood, Hardwood
Roof:
Asphalt Shingle
Heating:
Furnace, Radiator
Fuel:
Oil
Driveway:
Gravel, Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
3357
Sewer:
Municipal
Num Units:
3
Num 2 Bed Units:
1
Num 4 Bed Units:
2
# Of Dryers:
1
# Of Fridges:
5
# Of Stoves:
3
# Of Washers:
1
Rental Income:
Yes, 114000
Laundry Income:
1960
Other Income:
2100
Approx. Net Income:
90362
Insurance Expense:
5656
Taxes Costs:
7787
Maintenace:
303.0
Snow / Garbage Collection:
1100
Heating Bill:
5575
Electricity Bill:
3920
Approx. Total Expense:
27698
Approx. Total Income:
118060
All furniture and kitchen appliances
Tenant belongings
Park, Playground, Public Transit, School Bus Service, Shopping, Beach
Data was last updated October 24, 2025 at 09:20 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,382,450
Min list price:
$889,900
Max list price:
$2,400,000
Avg days on market:
87
Min days on market:
14
Max days on market:
500
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.