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744 St Margarets Bay Rd

St Margarets Bay RdHalifax MainlandHalifaxNS, B3N 1K7

2
Beds
1
Baths
700
Sq. Ft.
$499,900
List Price
744 St Margarets Bay Rd, Halifax, NS - 1 of 3
744 St Margarets Bay Rd, Halifax, NS - 2 of 3
744 St Margarets Bay Rd, Halifax, NS - 3 of 3
New
30 days on market

Quick Summary

  • Exceptional investment opportunity for duplex conversion
  • Existing upper unit rented at $1,500/month until 2025
  • Undeveloped basement with separate electrical and entrance
  • Fully updated exterior with new shingles, siding, and windows
  • Convenient location near rotary and Halifax amenities
  • Shared back driveway and additional front parking space
  • Potential to develop 13,824 sqft with adjacent properties
  • Opportunity to create second revenue stream

Discover an exceptional investment opportunity at 744 St. Margarets Bay Road in Halifax! This charming single-family home is primed for conversion into a lucrative duplex, offering savvy investors a chance to maximize their returns. The upper level features 2 bedrooms and 1 bathroom and is currently rented until August 2025 at... Show More

Discover an exceptional investment opportunity at 744 St. Margarets Bay Road in Halifax! This charming single-family home is primed for conversion into a lucrative duplex, offering savvy investors a chance to maximize their returns. The upper level features 2 bedrooms and 1 bathroom and is currently rented until August 2025 at $1,500/month. The undeveloped basement comes with its own electrical service and entrance, presenting tremendous potential for conversion into a second unit. The exterior has been fully updated with new shingles, fresh siding, and modern windows, ensuring low maintenance for years to come. Situated in a prime area, this property boasts an unbeatable location?just one minute from the rotary and close to Halifax's amenities, as well as Chocolate Lake and Bayers Lake. Parking is convenient with a shared back driveway alongside 752/754 St. Margarets Bay Road and an additional single parking space at the front. With some sweat equity, this property could become a highly profitable investment, allowing you to create a second revenue stream while benefiting from the steady income of the existing upper unit. Don't miss this chance to own a piece of Halifax real estate with enormous upside; schedule your viewing today and unlock the potential of 744 St. Margarets Bay Road! With the addition of 752/754 St Margarets Bay Road which is also for sale you could have 13,824 sqft of potential development space! (id:54626)

Property Details

Size

700 sq. ft.
5 total rooms across 1 floor
2 Beds
2 Above Grade
1 Bath
1 Full

Parking

Gravel,Shared

Build

Year Built
1959
Model Name
-
Basement
Unfinished
Exterior
Vinyl
Foundation
Poured Concrete
Builder Name
-
Stories
1
Flooring
Laminate, Linoleum, Tile
Roof
-

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Rooms

Kitchen

11′2″ x 11′2″

Living room

1′3″ x 17′2″

Primary Bedroom

9′8″ x 11′7″

Bedroom

9′9″ x 1′2″

Bath (# pieces 1-6)

7′0″ x 6′2″

Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
202424549
Last Updated
November 5, 2024
Brokerage
Century 21 Optimum Realty
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