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Property Features

A unique opportunity for local, national and institutional investors and developers to have a footprint minutes from the campus of Dalhousie University, the largest university in Atlantic Canada.
The Commodore offers a steady income with 100% occupancy and significant opportunity for annual rent escalations.
This opportunity has exceptional near and long term-value.
The property just underwent a complete renovation that was completed in August 2019 including suites, common areas, building systems, exterior and roof.
Ideal unit mix of furnished 3 to 5 bedroom units catering to the student demographic.
Units come complete with all furniture, TV, heat, water, power, appliances, artwork, shelving, etc.
Total site area of 20,000 sf.
26 rental units in 33,000 sf, over 3 floors situated near the Dalhousie University Campus.
Stabilized income: $ 742,908 NOI.
Fully leased with historical 100% occupancy rate.

Location

The property is ideally located to benefit from the high demand and low supply of quality student housing options.
Located in the South End of Halifax, The Commodore is at the heart of the student neighbourhood at the corner of Oxford Street and Jubilee Street.
The property is located a short 7 minute walk to the Dalhousie campus and 15 minute walk to Downtown Halifax, giving tenants easy access to grocery, restaurants, cafes, bars and shopping.
Dalhousie University is one of the oldest and most prestigious universities in Canada, and attracts tens of thousands of students from all over the country and abroad year after year.
Saint Mary’s one of the largest universities in Halifax is also within close proximity.
Proximity to major public transportation and residential neighbourhoods.
The large student population in Halifax increases demand for high quality, hands-off, easy housing.

Details
Building Size
33,000 sf
Site Area
20,000 sf
Occupancy Rate
100%
# of Units
26
NOI
$ 742,908

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Steven Dexter

Halifax, NS | Vice President
- Direct (902) 425.0377
- Cell (902) 222.2399
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1675 Oxford Street

The Commodore

Halifax, NS

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