MLS® Number
202424550
Property Type
Duplex
Structure Style
Duplex
Zoning
R2
Armdale – Purcell's Cove, Herring Cove
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!
Armdale/Purcell's Cove/Herring Cove
This area is a short drive from the Armdale Roundabout and contains a mix of high end and affordable properties. Along the Northwest Arm, you will find yacht clubs, walking trails, historical sites. Within the community, there are lots of schools, businesses, services and restaurants you can choose from.
Verve REALTOR®
Heather Munroe
- 902-497-1690
- Heather@VerveRealty.ca
- Contact Heather for inquiries and showings for 752/754 St Margarets Bay Road
Directions to 752/754 St Margarets Bay Road
St Margarets Bay Road Right before Northwest Arm Drive. Come in the driveway of 752/54 and around back.
Century 21 Optimum Realty
https://ververealty.ca/listing/202424550/