1562 St Margarets Bay Road
Summary
|
Beds
5
|
Baths
3
|
Single Family
2,343 sq ft
|
Storeys
2
|
Welcome to 1562 St Margarets Bay Road, a beautifully maintained Prestige Homes property in the heart of Lakeside offering an excellent opportunity for homeowners and investors alike. This income-producing property features a 3-bedroom, 2-bathroom main-level unit with a renovated living room and wood-burning fireplace, open-concept kitchen and dining area with backyard access, main-level laundry, and a spacious primary ensuite with whirlpool tub. The lower level functions as a 2-bedroom, 1-bathroom in-law suite, providing additional living space and rental income. The property currently generates $4,875/month in total rental income, with $2,600/month upstairs and $2,275/month downstairs, including internet and water. Electricity is divided 30/70 between the upstairs and basement. The home also features a private backyard, large deck, and numerous recent upgrades, including a new roof (2023), three heat pumps (2024), finished basement with electrical upgrades, new appliances, regravelled driveway (2026), and smart Mysa thermostats throughout. With strong rental income, flexible living arrangements, and extensive recent improvements, this is a fantastic move-in-ready property in a convenient Lakeside location.
Property Details
| Property Style | Residential |
|---|---|
| Zoning | R1 |
| Building Style | 2 Level |
| Structure Style | Detached |
| Structures | Deck, Patio |
| Utilities | Cable, Electricity, High Speed Internet, Telephone |
| Roof | Asphalt Shingle |
| Flooring | Carpet, Laminate, Vinyl |
| Basement | Partially Developed, Walkout |
| Driveway | Gravel |
| Foundation | Slab |
| Exterior | Vinyl |
| Heating Type | Baseboard, Fireplace, Heat Pump -Ductless |
| Fuel Type | Electric |
| Water Source | Municipal |
| Sewage | Municipal |
| Building Age | 21 Years |
| Year Built | 2005 |
Measurements
| Main Living Area | 1,216 sq ft |
|---|---|
| Total Living Area | 2,343 sq ft |
| Lot Size 1 | 7,500 sq ft |
| Total Lot Size | 7,500 sq ft |
| Building Dimensions | 2343’3” |
| Lot Size Source | Land Reg |
| Property Size | Under 0.5 Acres |
| Floor | Room | Dimensions |
|---|---|---|
| Main Floor | Living Room | 14’10” × 14’5” |
| Main Floor | Dining Room | 15’ × 9’4” |
| Main Floor | Kitchen | 13’4” × 9’1” |
| Main Floor | Laundry | 6’2” × 9’6” |
| Main Floor | Primary Bedroom | 13’4” × 13’ |
| Main Floor | Ensuite Bath 1 | 6’6” × 9’6” |
| Main Floor | Bedroom | 9’10” × 9’7” |
| Main Floor | Bedroom | 13’5” × 9’4” |
| Main Floor | Bath 2 | 8’10” × 5’2” |
| Lower Level | Mud Room | 5’1” × 9’1” |
| Lower Level | Storage | 19’1” × 9’2” |
| Lower Level | Rec Room | 12’8” × 9’7” |
| Lower Level | Kitchen | 12’8” × 11’10” |
| Lower Level | Bedroom | 13’1” × 9’11” |
| Lower Level | Bedroom | 12’11” × 10’5” |
| Lower Level | Bath 2 | 6’1” × 9’2” |
Features
- Deck
- Driveway
- Patio
| Appliances Included | Stove, Dishwasher, Washer/Dryer Combo, Microwave |
|---|
Location Details
| County | Halifax |
|---|---|
| District | Timberlea, Prospect, St. Margarets Bay |
| Schools |
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Contact Agent
Michael Sears
C.Mgr.; P.Mgr.; C.I.M.; CD
michael.sears@ververealty.ca
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