752/754 St Margarets Bay Road Armdale, Nova Scotia B3N 1K7
$589,900
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 property?s 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! (id:25286)
Property Details
| MLS® Number | 202424550 |
| Property Type | Multi-family |
| Community Name | Armdale |
| Amenities Near By | Golf Course, Park, Playground, Public Transit, Place Of Worship, Beach |
Building
| Constructed Date | 1965 |
| Exterior Finish | Wood Siding |
| Flooring Type | Hardwood, Laminate, Linoleum |
| Foundation Type | Concrete Perimeter |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Gravel | |
| Shared |
Land
| Acreage | No |
| Land Amenities | Golf Course, Park, Playground, Public Transit, Place Of Worship, Beach |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.1601 |
| Size Total | 0.1601 Ac |
| Size Total Text | 0.1601 Ac |
https://www.realtor.ca/real-estate/27538451/752754-st-margarets-bay-road-armdale-armdale
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December 06 2024 09:31:28
Nova Scotia Association of REALTORS®
Century 21 Optimum Realty