752/754 St Margarets Bay Road

Armdale – Purcell's Cove, Herring Cove
$599,900

MLS® Number

202424550

Property Type

Duplex

Structure Style

Duplex

Zoning

R2

752/754 St Margarets Bay Road, Armdale NS - MLS<sup>®</sup>: # 202424550

Property Specifications

Lot size Under 0.5 Acres

$599,900 CAD

Convert to USD

752/754 St Margarets Bay Road

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®

REALTOR® Heather Munroe

Heather Munroe

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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.

View listing location on Google Maps

Property Details

Building Age 59 years
Roof Asphalt Shingle
Exterior Wood Siding
Flooring Hardwood, Laminate, Linoleum
Heating Electric, Baseboard
Basement Fully Developed, Walkout
Foundation Concrete
Driveway Gravel, Shared
Garage
Appliances 2 Fridges, 2 Stoves, 2 Washers, 2 Dryers
Rental Equipment None
Land Features
Other Features Apt Conforming
Waterfront
Water Access
Utilities
Water Municipal
Sewer Municipal
Community Features Golf Course, Park, Playground, Public Transit, Place of Worship, Beach
Schools

Century 21 Optimum Realty

2024-10-15T00:00:00+00:00 2024-10-23T21:53:55+00:00