432 Herring Cove Rd - Apartments FOR SALE


Halifax, NS B3R 0H6
$10,500,000 CAD
902-454-4110
432 Herring Cove Rd, Halifax, NS for Sale
$10,500,000 CAD
Apartments - FOR SALE
1/10
null | Request Cap Rate

432 Herring Cove Rd
Halifax, NS B3R 0H6


HIGHLIGHTS

  • 100% leased
  • Excellent convenience and connectivity
  • Surrounding amenities, including grocery stores, retail shops, dining options and professional services, enhance daily convenience for tenants.

OVERVIEW

432 Herring Cove Road presents investors with a rare opportunity to acquire a newly built, Class A multifamily asset in one of Halifax’s most dynamic residential districts. Completed in 2023, this four-storey, wood-frame apartment building comprises 32 bachelor to two-bedroom units and underground parking, offering a streamlined investment ideally positioned for long-term value creation. The property is currently operating at 100% occupancy, showcasing both its desirability and the strong underlying rental demand in the surrounding market.

FOR SALE DETAILS

PRICE

$10,500,000 CAD

PRICE/SF

$328 CAD /SF

# OF UNITS

32

PRICE/UNIT

$328,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,353 SF

ZONING

-

APN/PARCEL ID

00333609

ASK ABOUT THIS PROPERTY

Michael BrownAvison YoungMore Info
902-454-4110

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Michael BrownAvison YoungMore Info
902-454-4110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.