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744 St Margarets Bay Road
Halifax Nova Scotia B3N1K7 Canada

$489,900

Active Listing ID 202424549
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2 bed
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700 square feet
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1.00 Bath
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Single Family

$489,900

Active Listing ID 202424549
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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! (id:203)

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Property Features

  • Facts
  • Property Sub-type: Single Family
  • Features
  • Exterior Finish: Vinyl
  • Floor Covering: Tile, Laminate, Linoleum
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 12/6/2024 1:55:19 PM GMT
Source Updated Date: 12/21/2024 11:34:56 PM GMT

Courtesy of: Keith Kenny, , Century 21 Optimum Realty