201 Melrose Avenue

Halifax · MLS® 202622657

1,636 sq ft · 0 sq ft lot · House · Single Family · built 1959 · 46 days on market

listed by Joseph Faddoul, Royal LePage Atlantic

realtor's description

Bungalow with a basement apartment in a highly sought after area! This bungalow in central Fairview has had many upgrades in the last 10 years and brings in income on day 1. Main level features a bright open well planned eat in kitchen with an attached dining nook, two spacious bedrooms, living room and 4 piece bath with jet tub. This unit is currently rented for $2000 plus power (water included) The basement level has been completely renovated in August 2026 and is a one bedroom apartment with a full living room, full bath and kitchen. It is currently vacant with a tenant moving in October 1st for $1400/month. Huge corner lot on the corner of Melrose and Willet and a large back deck. Close to transit, all amenities and schooling. Current zoning allows for multiple uses and future development potential. 24 hours showing notice required for tenants.

property details

type: House, Single Family
bedrooms: 3
bathrooms: 2
living area: 1,636 sq ft
lot: 0 sq ft
parking: 0
year built: 1959
days on market: 46
MLS®: 202622657

features

School Bus
Recreational Facilities

monthly cost

$2,614/mo

Mortgage $2,614

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$2,614/ monthly

loan $479,920

25-year amortization

down payment20% · $119,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $304,192
cash to close: $119,980; down payment; transfer tax and fees not included
total paid: $784,112

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.