Build a Fourplex
The ideal entry point for residential development with strong returns and manageable risk
Starting From
$691,200
$160,000 per unit - Fixed price, turnkey delivery
4
Units
$8,000+
Monthly Income
6
Month Build
5%
Target Cap Rate
4
Rental Units
3,200
Total Sq Ft
1-3 BR Mix
Unit Mix Options
As-of-Right
Zoning Status
Why Build a Fourplex?
4-unit residential building, ideal for land conversion
✓
Optimal Scale for First-Time Developers
Four units provide meaningful cash flow without the complexity of larger projects. Conventional financing is available, and the project is manageable without extensive development experience.
✓
As-of-Right Development in ER-3 Zones
Halifax's updated zoning allows fourplexes without rezoning in many areas. This reduces approval timelines from 12-18 months to as little as 4-6 months, significantly lowering development risk.
✓
Strong Rental Demand
Halifax's vacancy rate remains below 1%. Quality 2BR units in fourplexes are highly sought after by young professionals, small families, and downsizers seeking mid-density living.
✓
Diversified Income Stream
Four separate tenants means vacancy in one unit doesn't eliminate all income. This provides more stable cash flow compared to single-family rentals.
✓
House Hacking Opportunity
Live in one unit while renting the other three. Rental income can substantially offset or completely cover your housing costs while building equity.
✓
Efficient Land Use
Fourplexes can fit on lots as small as 5,000 sqft, making them viable for many existing single-family lots in established neighbourhoods with existing infrastructure.
Things to Consider
Important factors before you build.
Active Involvement Required
Development is not passive. You'll need to make decisions, attend meetings, and stay engaged throughout the 6-month build process.
Construction Risk
Cost overruns, delays, and contractor issues can impact returns. Budget contingency of 10-15% and realistic timelines are essential.
Capital Requirements
With Helio's pricing from $160K/unit (standard 2BR/1BA), a fourplex costs ~$691K total. With 25% down payment, expect to need approximately $175K in cash or equity for down payment plus contingency.
Site Constraints
Not all lots are suitable. Minimum width, depth, and zoning requirements must be met. Site assessment is critical before committing.
CMHC
Pre-Approved CMHC Design Available
This building type has CMHC-equivalent designs ready to build, potentially qualifying for faster approvals and enhanced financing through CMHC MLI Select.
Frequently Asked Questions
How much does it cost to build a fourplex in Nova Scotia?
With Helio's modular construction approach, a fourplex starts at $160K per unit for standard 2BR/1BA configurations. A typical 4-unit building costs approximately $640K in hard costs plus 8% soft costs (~$51K), totaling around $691K. Unit pricing varies: 1BR/1BA ($140K), 2BR/1BA ($160K), 2BR/2BA ($190K), 3BR/2BA ($210K). Use our calculator at heliobuilt.ca/calculator for exact pricing.
What lot size do I need for a fourplex?
Minimum lot size is typically 5,000 sqft with at least 40 feet of frontage. Ideal lots are 6,000-8,000 sqft with 50+ feet of frontage. Corner lots offer additional flexibility for access and parking.
Do I need to rezone my property to build a fourplex?
In Halifax's ER-3 zones, fourplexes are permitted as-of-right without rezoning. Other zones like HR-1, R-3, and R-4 also allow fourplexes. Check your specific property's zoning designation - we can help with this assessment.
How long does it take to build a fourplex?
From initial feasibility to occupancy, expect 10-14 months total. This includes 3-5 months for design and permitting, and 6 months for construction. Timelines vary based on permit processing, weather, and site complexity.
What returns can I expect from a fourplex investment?
Stabilized fourplexes in Halifax typically achieve a 5% target cap rate and 8-12% cash-on-cash returns. Returns depend on land cost, construction efficiency, financing terms, and rental rates in your specific location.
Build a Fourplex By Location
Explore Fourplex development opportunities across Nova Scotia. Each location page includes local rental data, zoning details, and a personalized feasibility snapshot.
Bedford & Sackville
Bedford South
Clayton Park
Cole Harbour
Dartmouth
Downtown Dartmouth
Halifax
Halifax Regional Municipality
Larry Uteck
North Dartmouth
North End Halifax
Sackville
South End Halifax
West End Halifax
Amherst
Annapolis Royal
Antigonish
Berwick
Bridgewater
Canning
Canso
Cape Breton Regional Municipality
Chester
Clark's Harbour
Digby
Glace Bay
Greenwood
Hantsport
Kentville
Kingston
Lawrencetown (Annapolis County)
Liverpool
Lockeport
Louisbourg
Lunenburg
Mahone Bay
Middleton
Mulgrave
Municipality of East Hants
Municipality of Pictou County
Municipality of the County of Annapolis
Municipality of the County of Antigonish
Municipality of the County of Colchester
Municipality of the County of Cumberland
Municipality of the County of Inverness
Municipality of the County of Kings
Municipality of the County of Richmond
Municipality of the County of Victoria
Municipality of the District of Argyle
Municipality of the District of Barrington
Municipality of the District of Chester
Municipality of the District of Clare
Municipality of the District of Digby
Municipality of the District of Guysborough
Municipality of the District of Lunenburg
Municipality of the District of Shelburne
Municipality of the District of St. Mary's
Municipality of the District of Yarmouth
New Glasgow
New Waterford
North Sydney
Oxford
Parrsboro
Pictou
Port Hawkesbury, Nova Scotia
Port Williams
Region of Queens Municipality
Shelburne
Springhill
Stellarton
Stewiacke
Sydney, Nova Scotia
Tatamagouche
Trenton
Truro
West Hants Regional Municipality
Westville
Windsor
Wolfville
Yarmouth
Ready to Build Your Fourplex?
Get a personalized quote for your lot. Our team will assess zoning, site conditions, and provide a fixed-price proposal.
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