744 St Margarets Bay Road
$499,900
Halifax – Armdale, Purcell’s Cove, Herring Cove
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744 St Margarets Bay Road - 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!
Property Specifications:
Building Age: 65 |
Property Size: |
Total Living Area: 700 sqft |
Main Living Area: 700 sqft |
Bedrooms: 2 |
Bathrooms: 1 |
Property Details:
Style: Bungalow Detached |
Roof: Asphalt Shingle |
Exterior: Vinyl |
Flooring: Laminate, Linoleum, Tile |
Heating: Baseboard |
Basement: Full, Undeveloped, Walkout |
Foundation: Poured Concrete |
Garage: No |
Driveway: Gravel, Shared |
Room Sizes:
- Kitchen - 11.11 x 11.11
- Living Room - 17.2 x 13
- Primary Bedroom - 11.7 x 9.8
- Bedroom - 12 x 9.9
- Bath 1 - 6.2 x 7
Community Features:
Golf Course, Park, Public Transit, School Bus Service, Shopping, Beach
Schools:
Springvale Elementary School
St Agnes Junior High School
Citadel High School
St Catherine's Elementary School
Oxford School
Citadel High School
Additional Details:
Appliances Included: Refrigerator/Stove Combo |
Land Features: Hardwood Bush, Partial Landscaped |
Utilities: Cable, Electricity, High Speed Internet, Telephone |
Water: Municipal |
Sewer: Municipal |
Rental Equipment: None |