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Investment signal

$2,249,900

2055,2059,2061 North Park Street

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Beds

Baths

Sqft

Year

1901

Type

Multi-family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Halifax. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Here is a fantastic investment property on North Park Street, overlooking the Halifax Commons. A turn key investment opportunity on the iconic North Park Street, Halifaxs historic corridor. This 10-unit property sits with striking views over the Halifax Commons and blends old-world charm with modern upgrades. Over the past eight years, significant structural work has been completed to this 125 year old building: leaning sections of the foundation were removed and rebuilt using original-style stone where possible and poured concrete where needed, with the building jacked to level floors throughout. Nine of the units that needed renovations were refreshed with new flooring, bathrooms, and kitchens, delivering an attractive, updated living experience. The property benefits from multiple units with private decks, and the third-floor unit at 2061 features a large rooftop patio overlooking the Commons. This combination of historic character, recent improvements, and a highly desirable location supports a strong income stream and ease of renting. (id:65958)

Subtype
Multi-family
Structure
Apartment
Community
Halifax
Common interest
Freehold
Lot size
0.09 acres
Lot dimensions
0.091
On market
Jan 13, 2026
Status changed
Apr 28, 2026
Photos
19
MLS#
202600698
Area
HALIFAX

Features and systems

Parking

Gravel

Basement

Unknown

Appliances

WasherRefrigeratorRange - ElectricDishwasher

Exterior

Wood shingles

Flooring

TileHardwoodLaminate

Foundation

StoneConcrete Perimeter

Lot

Balcony

Community

Recreational Facilities
Negative cash flow ~$2,356/mo at these assumptions

Cash on cash

-6.28%

Cap rate

3.61%

GRM

16.7

Break-even rent

$13,730

Financing

Down payment$449,980
Loan amount$1,799,920
Mortgage$9,120/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,031
Insurance$80
Maintenance$1,875
CapEx reserve$937
Vacancy loss$563

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $9,120/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.

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