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432 Herring Cove Rd 32 Unit Apartment Building $10,500,000 CAD ($328,125 CAD/Unit) Halifax, NS B3R 0H6
Investment Highlights
- 100% leased
- Surrounding amenities, including grocery stores, retail shops, dining options and professional services, enhance daily convenience for tenants.
- Excellent convenience and connectivity
Executive Summary
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.
Property Facts
| Price | $10,500,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $328,125 CAD | Building Class | A |
| Sale Type | Investment | Lot Size | 0.51 AC |
| No. Units | 32 | Building Size | 32,000 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2023 |
| Price | $10,500,000 CAD |
| Price Per Unit | $328,125 CAD |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.51 AC |
| Building Size | 32,000 SF |
| No. Stories | 4 |
| Year Built | 2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 2+1 | 16 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
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432 Herring Cove Rd
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