About 1531 Lemarchant Street
Prime investment opportunity in the heart of Halifax’s university neighbourhood! Located in the Dalhousie campus area, 1531 LeMarchant Street offers 9 bedrooms and 6 bathrooms on a combined 4,121 sq. ft. lot (3,779 + 342 sq. ft.). With university facilities at your doorstep and hospitals, cafés, restaurants and shopping nearby, this South End location offers everyday convenience and easy access to downtown Halifax. Well maintained and in great condition, the property features a new roof installed in 2025 and a heat pump installed in 2026. Living accommodation spans three above-ground floors and the basement, which has a separate entrance and its own electricity meter. Based on the supplied rent schedule, projected gross rental income at full occupancy is $8,190 per month, or $98,280 annually, including $750 per month for the currently vacant room. Combining recent improvements, substantial rental accommodation and a central location close to campus, this property is an attractive opportunity for investors seeking to establish or expand their Halifax rental portfolio.
Features of 1531 Lemarchant Street
| MLS® # | 202624036 |
|---|---|
| Price | $1,449,000 |
| Bedrooms | 9 |
| Bathrooms | 5.50 |
| Full Baths | 5 |
| Half Baths | 1 |
| Square Footage | 3,437 |
| Acres | 0.09 |
| Year Built | 1920 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 1531 Lemarchant Street |
|---|---|
| Area | Halifax - Dartmouth |
| Subdivision | 2-B |
| City | Halifax |
| County | Halifax |
| Province | NS |
| Postal Code | B3H 3R2 |
Amenities
| Utilities | Electric, Cable Connected, Electricity Connected, Phone Connected |
|---|---|
| Parking | No Garage, Interlocking, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | High Speed Internet |
|---|---|
| Appliances | Electric Oven, Electric Range, Dryer, Dryer - Electric, Washer, Microwave, Refrigerator |
| Heating | Baseboard, Ductless, Hot Water, Radiator |
| Fireplace | No |
| # of Stories | 3 |
| Stories | Three Or More |
| Has Basement | Yes |
| Basement | Partially Finished, Walk-Out Access |
Exterior
| Lot Description | Under 0.5 Acres, Cleared, Landscaped |
|---|---|
| Roof | Asphalt |
| Construction | Shingle Siding |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Sir Charles Tupper Elementary School |
|---|---|
| Middle | Halifax Central Junior High School |
| High | Citadel High School |
Additional Information
| Zoning | ER-3 |
|---|
Listing Details
| Office | Royal LePage Atlantic |
|---|