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 locationjust 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!
Keith Kenny
Century 21 Optimum Realty
Mobile
(902) 817-8178
Listing Courtesy of NOVA SCOTIA AOR / Century 21 Optimum Realty / Keith Kenny
$589,900
Armdale Area Multi-Family Home
Active
752/754 St Margarets Bay Road Armdale, NS B3N 1K7
5 Bed
0 Baths
sqft
MLS® 202424550
Discover an exceptional investment opportunity in the heart of Halifax with this high potential duplex at 752/754 St Margarets Bay Road. This property offers the perfect blend of steady rental income and potential for appreciation. The spacious upper unit boasts 3 bedrooms and 1 bathroom, currently generating $1092 per month in rental income (Yearly lease). It features an expansive living room, ideal for entertaining, along with a primary bedroom that includes a private back deck and two additional generously-sized bedrooms. The fully updated lower unit is a gem, featuring 2 bedrooms and 1 bathroom. Recently renovated, it showcases a modern kitchen, a refreshed bathroom, and new flooring throughout. This unit is secured with a fixed-term lease at $1285.80 per month (Fixed Term until April 2025), providing stable income for the savvy investor. Additional highlights include in-unit laundry in both apartments and multiple parking spaces for tenant convenience. Located just one minute from the Armdale Rotary, this duplex is in a prime location that attracts renters. While the interior shines, the exterior presents an opportunity to boost property value; some TLC, including new windows, shingles, and a fresh coat of paint on the cedar shakes, could significantly enhance the propertys appeal. Don't miss this chance to own a solid income-generating property in a highly desirable Halifax location. Schedule your viewing today and see the potential for yourself! With the addition of 744 St Margarets Bay Road which is also for sale you could have 13,824 sqft of potential development space!
Keith Kenny
Century 21 Optimum Realty
Mobile
(902) 817-8178
Listing Courtesy of NOVA SCOTIA AOR / Century 21 Optimum Realty / Keith Kenny
$625,000
Herring Cove Area Single Family Home
Active
922 Herring Cove Road Herring Cove, NS B3R 1Z6
4 Bed
3 Baths
2420 sqft
MLS® 202426410
Discover this unique three-level home with income potential, nestled in a stunning park-like setting featuring breathtaking ocean and lake views. Owned by the same family since 1986, this property is adjacent to crown land in Herring Cove, offering direct bus access to downtown Halifax. The house boasts a spacious deck that overlooks Long Pond and Porcupine Creek, where the soothing sound of a small waterfall enhances the serene atmosphere. Enjoy hiking or trail walking with direct access to the MacIntosh Trail system from your backyard, or take a short stroll to Long Pond Beach, which is lifeguarded in summer. Experience spectacular sunrises from the sunny third level or the main floor living room. A sunroom, built in 2017, features a Vermont Castings woodstove and overlooks the pond, creating a cozy retreat. The lower-level apartment includes a walkout to the backyard and has its own electric meter. This apartment also features a sunroom off a large kitchen with pond views. The southwest-facing front porch is perfect for sunset watching over Long Pond, providing a peaceful spot to unwind. This home is equipped with four heat pumps and electric baseboard heating in the apartment. It includes three bathrooms, with rough-in for a fourth on the third floor. The property has been well-maintained, with recent updates including new windows, decks, and roof sections since 2016. With ample off-street parking for 4-6 cars and located on a bus route, this home is ideal for families. Nearby schools include William King Elementary and Herring Cove Junior High, with J.L. Ilsey High School just a short bus ride away. Enjoy local amenities like the Halifax Library and recreational facilities in nearby Spryfield. This property is not just a home; its an opportunity to embrace a lifestyle surrounded by nature and community while enjoying the benefits of rental income potential.
Keith Kenny
Century 21 Optimum Realty
Mobile
(902) 817-8178
Listing Courtesy of NOVA SCOTIA AOR / Century 21 Optimum Realty / Keith Kenny
$4,750,000
Halifax Area Multi-Family Home
Active
3342/46/52 Westerwald Street Halifax, NS B3N 2R7
108 Bed
0 Baths
sqft
MLS® 202416956
Discover a prime development opportunity in Fairview, ideally situated just off the intersection of Dutch Village Road and Joseph Howe Drive. This location offers exceptional accessibility, being only 300 meters from Highway 102 and a mere 4-minute drive to the MacKay bridge. An architect's capacity study has outlined the potential for constructing an 80-unit building with a gross floor area of 80,252 square feet. This 7-storey (20 meter high) structure would feature 52 one-bedroom and 28 two-bedroom units, along with underground parking and the required amenity space. (See the site plan in photos.) Currently consisting of 3 single family homes, the property spans 23,862 square feet, covering three separate parcels with C2C zoning, allowing for a commercial element in your building. Westerwald Street provides a quieter environment just off the main thoroughfare, ensuring high demand for rental or purchase units once completed. With the city's ongoing height restriction increases, purchasing today offers the potential for greater density in the future. Contact your real estate professional now to explore this incredible opportunity.
Keith Kenny
Century 21 Optimum Realty
Mobile
(902) 817-8178
Listing Courtesy of NOVA SCOTIA AOR / Century 21 Optimum Realty / Keith Kenny