Few properties in Halifax carry the presence of this 1880 Schmidtville residence. At 3,400 square feet across three graceful storeys — with 11½-foot ceilings on the main floor — the main residence commands its surroundings with the kind of architectural character that simply cannot be replicated today. A rooftop patio completes the picture, offering sweeping views over one of the city's most coveted neighbourhoods. The main residence offers four bedrooms and three bathrooms arranged across a classic Halifax layout, with generous room sizes, original character, and thoughtful recent renovations throughout. Step outside and the best of Halifax is on foot: Spring Garden Road a block away, the waterfront five minutes, the city's finest restaurants and boutiques within easy reach. Citadel High School is a fifteen-minute walk. Rarely does a historic home of this calibre come paired with income that essentially carries itself. Three fully self-contained rental units — two behind the main house (a one-bedroom and a four-bedroom) and one at street level — operate with complete separation from the primary residence. Each has its own entrance, its own tenants, and its own quiet life. They require virtually no management and vacancy- when it occurs at all - it fills within days. Together, the rental units generate $91,000 in annual gross rental income, with $65,000 in annual net income, creating rare cash flow for a property of this calibre and location. At an estimated 4.5%–5% cap rate, the rental component alone supports a valuation of $1.3 million to $1.45 million. What the rental income implies about the effective cost of the main residence is worth noting. Properties of this standing — heritage-protected, income-generating, and walkable to everything — rarely come to market in Schmidtville.
Spring Garden Road to Queen Street South
Listing Sub-Area:
2-Halifax South
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
77'11 x 38'6
Lot Size:
4,517 sq. ft.420 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
4
Year built:
1881
(Age: 145)
Age:
145
Exterior Finish:
Wood Shingles
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Ceramic, Hardwood, Tile
Roof:
Asphalt Shingle
Heating:
Radiator
Fuel:
Natural Gas
Parking:
Yes
Parking Description:
3 Car Parking
Driveway:
Gravel, Parking Spaces(s), Shared Driveway
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
4
Num 1 Bed Units:
2
Num 4 Bed Units:
1
# Of Dishwashers:
4
# Of Dryers:
5
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
5
Rental Income:
Potential, $91000
Approx. Total Expense:
$26000
Approx. Total Income:
$65000
Balcony, Dining Room, Ensuite Bath, Family Room, Laundry, Main Flr Fam Rm, Multi-Use Rooms, Secondary Suite
Park, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship
Data was last updated May 13, 2026 at 03:20 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,499,950
Min list price:
$949,900
Max list price:
$6,600,000
Avg days on market:
51
Min days on market:
7
Max days on market:
243
These statistics are generated based on the current listing's property type
and located in
2-Halifax South. Average values are
derived using median calculations. This data is not produced by
the MLS® system.