744 St Margarets Bay Road Halifax, Nova Scotia B3N 1K7
$499,900
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:25286)
Property Details
| MLS® Number | 202424549 |
| Property Type | Single Family |
| Community Name | Halifax |
| Amenities Near By | Golf Course, Park, Public Transit, Shopping, Beach |
| Community Features | School Bus |
Building
| Bathroom Total | 1 |
| Bedrooms Above Ground | 2 |
| Bedrooms Total | 2 |
| 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 |
Parking
| Gravel | |
| Shared |
Land
| Acreage | No |
| Land Amenities | Golf Course, Park, Public Transit, Shopping, Beach |
| Landscape Features | Partially Landscaped |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.1572 |
| Size Total | 0.1572 Ac |
| Size Total Text | 0.1572 Ac |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Kitchen | 11.11 x 11.11 | ||
| Main Level | Living Room | 17.2 x 13 | ||
| Main Level | Primary Bedroom | 11.7 x 9.8 | ||
| Main Level | Bedroom | 12 x 9.9 | ||
| Main Level | Bath (# Pieces 1-6) | 6.2 x 7 |
https://www.realtor.ca/real-estate/27538450/744-st-margarets-bay-road-halifax-halifax
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October 23 2024 10:25:47
Nova Scotia Association of REALTORS®
Century 21 Optimum Realty