FOR SALE 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NS PRIME SOUTH END HISTORIC BUILDING AND VACANT LOT 7,151 SF 2,607 SF BRIAN WOODS, ABR Real Estate Advisor 902.407.2492 brianwoods@kwcommercial.com TOM GERARD, SIOR, CCIM Real Estate Advisor 902.830.1318 tomgerard@kwcommercial.com KW COMMERCIAL ADVISORS 6080 Young Street, Suite 308 Halifax, NS B3K 5L2 www.kwcommercialhalifax.com
EXECUTIVE SUMMARY We are pleased to offer for sale on behalf of Callie Iatrou the lands and building located at 1265-1275 Barrington Street, Halifax, Nova Scotia. The current use of the property is as Bearly s, a long standing Halifax blues bar and restaurant on the ground level and a 10 room boarding house on the second and third levels. This is a unique opportunity to acquire a well located property with multi-family re-development potential in the south end of Halifax, minutes away from Halifax s Central Business District and Daltech. Given its DH-1 zoning and proximity to the Halifax waterfront, universities and hospitals, the location is also ideal for commercial uses, townhomes, condominiums and apartment rentals. Civic Address: Property Type: 1265-1271 Barrington Street, Halifax, NS, B3J 1Y2 1273-1275 Barrington Street, Halifax, NS, B3J 1Y2 Mixed Use Age: Circa 1865 Current Use: Building Size: Lot Size: Zoning: Music Bar and rooming house +/- 3,575 sf - Basement +/- 3,575 sf - Main Floor +/- 2,200 sf - 2nd Floor +/- 2,200 sf - 3rd Floor +/-11,550 sf - **Gross Building Area ** **All measurements to be confirmed by purchaser** Lot CA-4 +/-7,151 sq. ft. (1265-1271 Barrington St.) Lot CA-3 +/-2,706 sq. ft. (1273-1275 Barrington St, undeveloped parking lot.) DH-1 Downtown Halifax Zone List Price: $1,995,000 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 2
AREA OVERVIEW The Halifax Regional Municipality (HRM) is the largest urban centre in Atlantic Canada and is also the capital city of Nova Scotia. HRM is comprised of the former Cities of Dartmouth and Halifax, the Town of Bedford and Halifax County. HRM holds just over 40% of the Province s population, with the current HRM population at 390,096 according to the 2011 census. The Halifax peninsula is home to approximately 58,000 of those residents. 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 3
AREA OVERVIEW The subject property is ideally located on the boundary of Halifax s Central Business district at the south end of Barrington Street, Halifax s major downtown thoroughfare. A wide variety of businesses, hotels, shops and restaurants are located in the immediate area, supported by the office towers and residential high rise buildings that have been constructed or updated in recent years. The subject property lies three blocks west of Halifax s scenic waterfront boardwalk, two blocks from the head offices of Nova Scotia Power and Emera s 800+ employees and one block south of DalTech, the combined institution of Architecture, Computer Science and Engineering. A five minute walk north on Barrington Street will deliver you into the heart of Halifax s Central Business district, seats of government and centre ice for its renowned night life.. 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 4
BUILDING OVERVIEW Building Structure: 2.5 storey brick construction Age: Circa 1865 Current Use: GLA: Status: Municipal Services: Heating System: Municipal Assessed Value: Bar/restaurant and rooming house +/- 11,550 sq.ft Registered Heritage Property Water, sewer, power, natural gas, propane gas Hot water boiler, cast iron radiators Commercial (2015) - $660,000 Residential (2015) - $540,000 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 5
VACANT LOT SPECIFICATIONS Civic Address: 1273-1275 Barrington Street Halifax, NS B3J 1Y2 Lot CA-3 PID #: 0092825 & 41159955 Current Use: Site Dimensions: Zoning: Burdens: Parking for adjacent building (7-8 spaces) 2,697 sq. ft DH-1 Downtown Halifax Zone Lot CA-3-9 x 32 Right of Way at north boundary Lot CA-4-12 Right of Way runs between Lot CA-4 and lot CA-3 Parking: Commercial (2015) - $392,000 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 6
SITE SPECIFICATIONS Site Area: Lot CA-4 - PID # 00092809 +/-7,151 sq. ft. Lot CA-3 - (1273-1275 Barrington St, undeveloped parking lot.) PID # 41159955 +/-1,065 sq. ft. PID # 00092825 +/- 1,641sq. ft. Site Dimensions: Lot CA-4-54.5 feet of frontage on Barrington Street and overall depth of 131 feet Lot CA-3-60 feet of frontage on Barrington Street wand overall depth of 42 feet Parking: Lot CA-4 +/-9 surface/level/gravel at rear of building Lot CA-3 +/-8 surface/level/gravel accessed directly from Barrington Street Zoning: Both properties are zoned DH -1 (Downtown Halifax Zone) 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 7
LEGAL DESCRIPTION 1275 Barrington Street PID # 00092825. Being on the eastern side of Barrington Street, in the City and County of Halifax, which said land may be more particularly described as follows, that is to say: Beginning at a point on the eastern side line of Barrington Street, distant measured in a southerly direction forty feet from the intersection formed by the said eastern side line of Barrington Street with the southern side line of Morris Street; Thence to run easterly on a line parallel with the said southern side line of Morris Street forty two and four tenths feet to the western boundary of property now occupied by Mathers and Doull; Thence southerly along the said western boundary of said Mathers and Doull property being on a line parallel with the said eastern side line of Barrington Street, thirty five feet or to the intersection of prolongation easterly of the centre of a division wall of the dwellings now standing on the lot under description and that immediately adjoining it to the south; Thence westerly by said prolongation and by the centre of said division wall and its prolongation westerly forty two and four tenths feet more or less, to the eastern side line of Barrington Street; and Thence northerly by the same thirty five feet to the place of beginning; Reserving however out of the above described lot a right of way or passage to the owners of the property adjoining immediately to the north in, over, through and upon that certain portion described as follows: Beginning on the eastern side line of Barrington Street at a point distance forty feet southerly from the intersection formed by the said eastern side line of Barrington Street with the southern side line of Morris Street; Thence to run easterly parallel to the said southern side line of Morris Street thirty one feet; Thence at right angles southerly nine feet; Thence at right angles westerly thirty one feet to the said eastern side line of Barrington Street; And thence northerly by the same, nine feet to the place of beginning; the street lines herein referred to are those now laid down upon the City Official Plan; 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 8
LEGAL DESCRIPTION Together with and subject to all of the terms, rights and conditions as more fully set out in a Grant of Easement, dated the 11th day of September, 1953, made between Louis Keshen and Mary Karas recorded in the Registry of Deeds, Halifax, in Book 1225 at Page 673. The parcel was validated by Section 291 of the MGA (validation provisions). I certify that this legal description is intended to describe the same parcel as represented by PID 92825. 1275 Barrington Street PID # 41159955. All that lot of land and premises situate, lying and being at Halifax, aforesaid: Beginning on the east side of Pleasant Street at the north west corner of a lane common to this lot and other lots now and formerly belonging to the late Sir Brenton Haliburton, deceased: Thence running northerly along the east side of Pleasant Street twenty five feet; Thence running easterly forty two feet and six inches more or less to a point opposite to the west side of the west stone gate pillar standing on the property formerly of the said Sir Brenton Haliburton on the south side of Morris Street; Thence running southerly in a straight line twenty five feet or until it comes to the said lane; Thence running westerly along the north side of the said lane forty two feet and six inches to Pleasant Street aforesaid, and also the free and uninterrupted use of the said land so far as this lot extends, to the said Grantee, his heirs and assigns, for himself, his servants, horses, cattle, carts and carriages at any time and at all times by day or by night. Together with a right of way shown on plan number 23137 and described in Book 1963 at Page 394 identified as PID Number 41163841. Together with an easement/right of way, the details of which may be found in the Halifax County Registry of Deeds in Book 3093 at Page 500. The subdivision is validated by Section 291 of the Municipal Government Act. I certify that this legal description is intended to describe the same parcel as represented by PID 41159955. 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 9
LEGAL DESCRIPTION 1265 Barrington Street PID # 00092809 ALL that certain lot, piece or parcel of land situate, lying and being in the south suburbs of the City of Halifax, being shown as Lot CA-4 on an approved plan registered at the Halifax County Registry of Deeds as Plan No. 23137, in Drawer No. 257. TOGETHER WITH A right of way, being shown as "Right Of Way" on the aforementioned Plan no. 23137, and described in a description in Book 1963 at Page 394 identified as PID Number 41163841. TOGETHER WITH an easement/right of way, the details of which may be found in the Halifax County Registry of Deeds in Book 2937 at Page 461. TOGETHER WITH an easement/right of way described in an Agreement recorded in Book 811 at Page 404. SUBJECT TO HERITAGE NOTICES in favour of the Municipality of the County of Halifax recorded in Book 4100 at Page 1106 and in Book 4100 at Page 1107. SUBJECT TO A DEVELOPMENT AGREEMENT, the details of which may be found in the Halifax County Registry of Deeds in Book 4218, at Page 265. An approved plan of subdivision has been filed under the Registry Act. I certify that this legal description is intended to describe the same parcel as represented by PID 92809. 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 10
ZONING & PLANNING INFORMATION THE PROPERTY IS ZONED DH-1 DOWNTOWN HALIFAX ZONE. SEE HALIFAX LAND-USE BY-LAW FOR CURRENT ZONING PARTICULARS. 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 11
DISCLAIMER & LIMITING CONDITIONS No implied contract of any kind whatsoever by or on behalf of Callie Iatrou or Keller Williams Select Realty shall arise or be implied from anything contained in this marketing package. The information contained in this package was obtained from sources deemed reliable. However, no representations, declarations or warranties are given or implied by Callie Iatrou or Keller Williams Select Realty as to its accuracy or completeness and such information should not be relied upon by prospective purchasers without independent investigation and verification. This information package does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require in determining whether or not to purchase the property. Callie Iatrou and Keller Williams Select Realty expressly disclaim any and all liability for any errors or omissions in this package or any other oral or written communication transmitted or made available to prospective purchasers. This information package is for information and discussion purposes only and does not constitute an offer to sell or the solicitation of any offer to buy the property. Callie Iatrou or Keller Williams Select Realty undertake no obligations to provide the recipient with access to additional information. Callie Iatrou reserves the right to remove the offering from the market at any time and is under no obligation to respond to or accept any proposal or offer to purchase the property. he property, it s fixtures, chattels and equipment are to be purchased on an as is, where is basis and there is no warranty, express or implied, with respect to any aspect of the property included with any possible sale. 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 12
CONTACT INFORMATION BRIAN WOODS, ABR Real Estate Advisor 902.407.2492 brianwoods@kwcommercial.com TOM GERARD, SIOR, CCIM Real Estate Advisor 902.830.1318 tomgerard@kwcommercial.com KW COMMERCIAL ADVISORS 6080 Young Street, Suite 308 Halifax, NS B3K 5L2 www.kwcommercialhalifax.com KWcommercialHFX@twitter.com 1265-1271 & 1273-1275 BARRINGTON STREET HALIFAX, NOVA SCOTIA 13