752/754 St Margarets Bay Road (MLS® 202424550)

Armdale, NS, B3N 1K7

Summary

MLS ®:
 202424550
Price:
 $599,900
Status:
 Active
District:
 8
Zoning:
 R-2 - RESIDENTIAL MEDIUM DENISTY/I-1
Property Type:
 Duplex
Title To Land:
 Freehold

Income

Income Details:
Call 902-499-7886

Expenses

Expense Details:
Call 902-499-7886

Property Overview

752/754 St Margarets Bay Road, Armdale (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 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!

Listing Courtesy of: Century 21 Optimum Realty

Directions

St Margarets Bay Road Right before Northwest Arm Drive. Come in the driveway of 752/54 and around back.

Building Specs.

Building Age:
59
Building Dimensions:
44 x 30
Foundation Type:
Concrete
Roof Material:
Asphalt Shingle
Exterior Finish:
Wood Siding
Flooring Type:
Hardwood, Laminate, Linoleum
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
St Margarets Bay Road Right before Northwest Arm Drive. Come in the driveway of 752/54 and around back.
Driveway/Parking:
Gravel, Shared

Features

Apt Conforming

Community Features

Beach, Golf Course, Park, Place of Worship, Playground, Public Transit

Schools

Elem. School: Springvale Elementary School
Elem. School (French Imm.): St Catherine's Elementary School
Mid. School: St Agnes Junior High School
Mid. School (French Imm.): Oxford School
High School: Citadel High School
High School (French Imm.): Citadel High School

Inclusions

2 Fridges, 2 Stoves, 2 Washers, 2 Dryers

Rental Equipment

None

Map

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