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Build a Eightplex

8 units on one lot with no rezoning required - the most efficient multiplex investment in Halifax's ER-3 zones

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Eightplex — modern multi-unit building illustration
Starting From
$1,382,400
$160,000 per unit - Fixed price, turnkey delivery
8
Units
$16,000+
Monthly Income
8
Month Build
5%
Target Cap Rate
8
Rental Units
6,400
Total Sq Ft
1-3 BR Mix
Unit Mix Options
As-of-Right
Zoning Status

Why Build a Eightplex?

An 8-unit residential building offering maximum as-of-right density under Halifax's ER-3 zoning, delivering the best economies of scale for multiplex investors.

✓
Maximum As-of-Right Density
8 units is the maximum allowed in ER-3 zones without rezoning. Capture the full development potential of your lot in a single, streamlined approval process.
✓
Best Economies of Scale
Fixed costs for design, permits, site preparation, and project management spread across 8 units reduce per-unit development cost by 15-20% compared to smaller multiplexes.
✓
Superior Cash Flow
8 rental units generate $12,800-$17,600 monthly gross rent. Higher income supports professional property management and stronger debt service coverage ratios.
✓
CMHC MLI Select Eligible
Eightplexes qualify for CMHC's MLI Select program with up to 95% LTV, 50-year amortization, and reduced insurance premiums for projects meeting affordability or efficiency criteria.
✓
Tenant Diversification
8 separate tenants reduce vacancy risk. Even with one unit vacant, 87.5% of income continues - far more stable than single-family or duplex investments.
✓
No Parking Required
Halifax's Centre Plan eliminated minimum parking requirements. Build 8 units with zero parking spaces, maximizing buildable area and reducing construction costs.

Things to Consider

Important factors before you build.

Larger Lot Required
Eightplexes require minimum 9,000 sqft lots with 60ft+ width. Not all ER-3 lots can accommodate this scale - site assessment is critical before proceeding.
Higher Capital Requirement
Total project costs of $2.6-3.4M require substantial equity and financing capacity. Investors should have experience with construction lending and CMHC programs.
Longer Construction Timeline
Larger buildings take 8 months to construct versus 6 months for fourplexes. Plan for extended carrying costs and delayed income.
Complex Project Management
More units mean more coordination across trades, inspections, and tenant placement. Professional project management essential for successful delivery.
Neighbor Relations
8-unit buildings may face more scrutiny from adjacent property owners. Thoughtful design and community engagement reduce friction.

Frequently Asked Questions

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Build a Eightplex By Location

Explore Eightplex 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

As an Investment

A typical Helio Eightplex generates ~$64,000 in annual NOI with ~$320,000 in equity required.

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