Modern Turnkey Duplex in Halifax
$634,900
-$883
📍 33A McIntosh Street, Halifax, NS B3R 1G9 — This 2023-built modern duplex offers a low-maintenance, income-producing opportunity in a growing Halifax neighbourhood. It is an ideal asset for investors seeking newer construction with long-term durability.
This modern duplex at 33A McIntosh Street, constructed in 2023, represents a rare opportunity to acquire newer multi-family inventory in the Halifax market. The property is designed for efficiency and low maintenance, appealing to high-quality tenants who prioritize modern finishes and energy-efficient construction. As a newer build, it minimizes the immediate capital expenditure risks often associated with older Halifax housing stock.
Based on a purchase price of $634,900 with 20% down ($126,980) at a 5.5% interest rate over a 25-year amortization, the monthly mortgage payment is approximately $3,115. With estimated market rents of $3,800 per month for a modern duplex of this caliber, the property provides a stable foundation for cash flow. Investors should note that property taxes are estimated at $7,619 annually based on the 1.2% rule, as specific tax figures were not provided in the listing.
Halifax continues to demonstrate strong market fundamentals, supported by a 66% five-year historical appreciation rate and a 4% increase over the last year. The city's ongoing population growth and housing supply constraints continue to put upward pressure on rental rates, making this property a strong candidate for long-term wealth accumulation.
The investment thesis for this property centers on its 'turnkey' nature. By avoiding the deferred maintenance costs common in older Halifax properties, investors can focus on long-term appreciation and steady rental income. The modern construction also suggests lower utility costs, which can be a significant selling point for prospective tenants in the current economic climate.
Investors should be aware of the risks associated with interest rate volatility and the potential for shifting rental demand. While the property is modern, it is essential to conduct thorough due diligence regarding the current lease agreements and tenant quality. Suite/zoning status to be independently verified with the municipality to ensure full compliance with local regulations.
Our Take: Negative Cash Flow — Proceed with Caution
At -$883/month, this property costs more to carry than it earns in rent under our assumptions. It may still work with better financing or higher rents — use our calculator to test your own numbers.
Run Your Own Numbers
These figures use standard assumptions. Your actual results depend on your financing, local rates, and management costs. Use our free calculator to model this exact deal with your own inputs.
Calculation Assumptions
- • Monthly rent: $3,800/mo (market estimate)
- • Down payment: 20% of purchase price
- • Mortgage rate: 5.5% annually, 25-year amortization
- • Property tax: $7,619/year (~1.2% estimate)
- • Property management: 8% of monthly rent
- • Maintenance: 2.5% of monthly rent
- • Insurance: 5% of annual rent
- • Repairs: $150/month
- • Vacancy: 5% of monthly rent
- • Closing costs: ~3% of purchase price (not included in cash flow)
🤖 AI-Generated Content: This market spotlight was researched and written by an AI using live web data. Property details, rental figures, and financial calculations may not be exact and could contain errors or inaccuracies.
⚠️ All listing details, rental estimates, suite/zoning status, and financial calculations must be independently verified before making any investment decision. This content is for educational purposes only and does not constitute investment advice. Always consult a qualified real estate professional, mortgage broker, and financial advisor.
