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Investment signal

$1,499,900

6030/6032 Cherry Street

Save this home

Beds

8

Baths

3

Sqft

Year

1920

Type

Single Family

Suite

Suite potential

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

Welcome to 60306032 Cherry Street, a rare and versatile triplex opportunity in the heart of Central Halifax. Lovingly maintained and owner-occupied, this impressive property features two spacious three-bedroom flats with identical layouts, along with a unique upper-level two-bedroom loft-style unit. Each unit offers its own interior access along with private exterior decking and sitting areas, creating comfortable and independent living spaces for tenants or extended family. The property is well-equipped for investors, with three separate furnaces and power meters (one natural gas and two oil), allowing for independent billing. A detached double garage provides secure indoor parking, complemented by additional exterior parking spaces, and the deep lot extends all the way to Cedar Street. Ideally located within walking distance to Dalhousie University, the QEII Infirmary, the Professional Centre, and a wide array of restaurants, shops, and amenities, this property offers exceptional convenience. The beautiful backyard is both private and inviting- an uncommon find in this central location. Significant updates include re-wiring and re-insulating (2009), followed in 2012 by a new roof, front and rear decks, exterior doors, windows, detached garage, driveway, gas furnace, and washers and dryers. Additional features include basement storage for all three units, in-unit laundry for the main floor, and shared laundry for the upper units. With strong existing rental income and notable upside potential under ER-3 zoning, this is a prime opportunity for investors or owner-occupiers seeking long-term growth in a highly desirable neighbourhood. (id:65958)

Subtype
Single Family
Architectural style
Other
Structure
House
Community
Halifax
Common interest
Freehold
Living area
3,508 square feet
Lot size
0.1 acres
Lot dimensions
0.0985
Bedrooms
8 above grade, 0 below grade
Stories
3
Fireplace
Yes
On market
Apr 16, 2026
Status changed
Apr 21, 2026
Photos
50
MLS#
202607660
Area
HALIFAX

Features and systems

Parking

Detached GarageGarageParking Space(s)

Appliances

WasherRefrigeratorRange - ElectricDryer

Exterior

Vinyl

Flooring

TileHardwoodVinyl

Foundation

StoneConcrete Block

Lot

Balcony

Community

School BusRecreational Facilities
Negative cash flow ~$1,597/mo at these assumptions

Cash on cash

-6.39%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,181

Financing

Down payment$299,980
Loan amount$1,199,920
Mortgage$6,080/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$687
Insurance$80
Maintenance$1,250
CapEx reserve$625
Vacancy loss$375

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 $6,080/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 21, 2026.

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