Nestled in the heart of Halifax’s iconic Hydrostone District, this beautifully maintained property offers the perfect blend of charm, cash flow, and serious development potential. Currently operating as three fully legal, high-performing Airbnb units — a spacious 2 bed/2 bath, a bright 2 bed/1 bath, and a cozy 1 bed/1 bath — the building generates over $170,000 in annual gross revenue. Each unit is professionally finished, consistently in demand, and located in one of the city’s most walkable and sought-after neighbourhoods. What truly sets this property apart is its rare and coveted “corridor” zoning — Halifax’s most flexible designation. This allows for a wide variety of permitted uses, including potential for additional residential density or mixed-use development, giving investors long-term upside in a fast-growing urban core. With a cap rate well above national averages and an unbeatable location, this is an exceptional opportunity for anyone looking to secure a turn-key, income-generating asset with major future potential. Whether you're after a short-term rental portfolio, a live-in investment, or a long-view development play, this Hydrostone gem delivers on all fronts. Being offered fully furnished and operational — just step in and start earning.
Kane to Ilseville
Listing Sub-Area:
3-Halifax North
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
50 x 28
Lot Size:
2,622 sq. ft.244 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
0
Exterior Finish:
Steel
Foundation:
Stone
New Constr.:
No
Basement:
Undeveloped
Floor Finish:
Laminate, Tile
Roof:
Rolled
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Parking Description:
On Kane, Other driveway between the buildings has an easement to allow access for commercial building next door.
Driveway:
Paved
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
3
Num 1 Bed Units:
1
Num 2 Bed Units:
2
# Of Dryers:
2
# Of Fridges:
3
# Of Microwaves:
3
# Of Stoves:
3
# Of Washers:
2
Rental Income:
$165,000
Laundry Income:
0
Other Income:
0
Approx. Net Income:
$177,045
Taxes Costs:
$11,253.58
Other Costs:
$8,400
Approx. Total Expense:
$34,653.60
Approx. Total Income:
$165,000
Air Conditioning, Ensuite Bath, Heat/Air Exchange
All furnishings
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
Data was last updated July 4, 2025 at 03:20 AM (UTC)
Area Statistics
Listings on market:
111
Avg list price:
$925,000
Min list price:
$369,900
Max list price:
$5,250,000
Avg days on market:
62
Min days on market:
3
Max days on market:
861
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.