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:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
2
Bathrooms
1
Amenities Nearby
Golf Course, Park, Public Transit, Shopping, Beach
Community Features
School Bus
Listing Contract Date
2024-10-15
Location Description
St Margarets Bay Road Right before Northwest Arm Drive. Come in the driveway of 752/54 and around back.
Municipal ID
00271833
Ownership Type
Freehold
Property Type
Single Family
Transaction Type
For sale
Building
Appliances
Fridge/Stove Combo
Architectural Style
Bungalow
Basement Development
Unfinished
Basement Features
Walk out
Basement Type
Full (Unfinished)
Constructed Date
1959
Construction Style (Attachment)
Detached
Exterior Finish
Vinyl
Flooring Type
Laminate, Linoleum, Tile
Foundation Type
Poured Concrete
Stories Total
1
Total Finished Area
700 sqft
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Kitchen
Main level
11.11 x 11.11
Living room
Main level
17.2 x 13
Primary Bedroom
Main level
11.7 x 9.8
Bedroom
Main level
12 x 9.9
Bath (# pieces 1-6)
Main level
6.2 x 7
Parking Spaces
Name
Spaces
Gravel
Shared
Land
Total Size
0.1572 acres
Amenities
Golf Course, Park, Public Transit, Shopping, Beach
Landscape Features
Partially landscaped
Sewer
Municipal sewage system
Size of Irregular Land
0.1572
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