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:4069)
Address
744 St Margarets Bay Road
List Price
$489,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bungalow
Area
Nova Scotia
Sub-Area
Halifax
Bedrooms
2
Bathrooms
1
Floor Area
700 Sq. Ft.
Lot Size
0.1572 Sq. Ft.
Year Built
1959
MLS® Number
202424549
Listing Brokerage
Century 21 Optimum Realty
Basement Area
Full (Unfinished)
Postal Code
B3N1K7
Site Influences
Golf Course, Park, Public Transit, Shopping, Beach
