Overview
Description
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!
Contact us about this listing & It's History
Neighborhood Information
Halifax, NS
Halifax, Nova Scotia is a vibrant city with a rich history and a strong sense of community. It's located on the eastern coast of Canada and is known for its scenic waterfront, historic architecture, and lively arts scene. The city is surrounded by natural beauty, with numerous parks, beaches, and hiking trails, making it a great place for outdoor enthusiasts. The downtown area is full of trendy shops, restaurants, and bars, offering a variety of entertainment options. On the downside, the cost of living is higher than in some other Canadian cities, and the weather can be unpredictable, with cold winters and foggy summers.
One of the city's main attractions is the historic Citadel Hill, a star-shaped fort that offers panoramic views of the city. The Halifax Public Gardens, a Victorian-era garden, is another popular spot, as is the Maritime Museum of the Atlantic, which features exhibits on the city's maritime history. Halifax is also home to several universities, including Dalhousie University and Saint Mary's University, adding a youthful energy to the city.
The city's population is approximately 403,131, making it the largest city in Atlantic Canada.
85
Compared to other cities in Canada, Halifax offers a unique blend of history, culture, and natural beauty, making it a desirable place to live. The city's strong sense of community, vibrant arts scene, and numerous outdoor activities contribute to its appeal. However, the higher cost of living and unpredictable weather can be drawbacks. Overall, the city scores a 85 out of 100.
Search Nearby Activities88
The education system in Halifax is highly regarded, with a range of quality public and private schools, as well as several universities. Compared to other Canadian cities, Halifax scores an 88 out of 100 for its schools.
Search Nearby Schools80
Halifax offers a variety of entertainment options, from its lively arts scene to its numerous bars and restaurants. Noteworthy options include Neptune Theatre, the oldest professional theatre company in Canada, and The Oval, a large outdoor skating rink. The city scores an 80 out of 100 for entertainment.
Search Nearby Restaurants90
Halifax offers a range of outdoor activities, from hiking trails to beaches, making it a great city for nature lovers. Compared to other Canadian cities, Halifax scores a 90 out of 100 for outdoor activities.
Walk Score - 22%About Your Relator®
Jessica Mugford
Meet Jessica Mugford, a dynamic and enthusiastic Realtor® based in the heart of Sydney, NS. Born and raised in this picturesque coastal city, Jessica brings a deep-seated passion and a comprehensive understanding of the local market to her role. Her journey in real estate began at RE/MAX Park Place, where she served as an administrative professional specializing in contract review. This experience has provided her with invaluable insights into the industry, enhancing her expertise in managing real estate transactions with finesse.
Jessica's love for travel has broadened her perspective, allowing her to appreciate diverse lifestyles and housing needs, making her an ideal advisor for clients seeking to navigate the complexities of the real estate market. Coupled with her exceptional customer service skills, Jessica is committed to offering personalized and effective real estate solutions.
With deep rooted entrepreneurial ties to the community, Jessica has the foresight to recognize independent real estate opportunities, propose growth strategies and guide her clients through effective and efficient closing processes.
With Jessica Mugford, you can expect nothing less than a professional, tailored approach.
Phone: (902) 322-1684
Email: jessicamugford@remax.net
Office: Sydney
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Properties within the same area, priced within 20% of the listing will be evaluated on several key factors including the number of bathrooms, bedrooms, additional features, and price per square foot and several other factors. Using these comprehensive comparisons, we derive a Similarity Score to help you find the best match.Mortgage Calculator
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Property Details
| On Market Date | 2025-01-17T12:37:50.1 |
| Status | ACTIVE |
| Price | $499,900.00 |
| Year Built | 1960 |
| Neighborhood | Halifax - Dartmouth |
| Location | Lat: 44.636582, Lng: -63.636783 |
| Bedrooms | 2 |
| Bathrooms (Full) | 1 |
| Bathrooms (Total) | 1 |
| Square Feet | 700.00 |
| Lot Size | 6,848.00 6848 |
| Appliances | Refrigerator/Stove Combo |
| Heating | Baseboard |
| Water Source | Municipal |
| Sewer | Municipal |
| Roof | Asphalt Shingle |
| Flooring | Laminate,Linoleum,Tile |
| Lot Features | Hardwood Bush,Partial Landscaped |
| Community Features | Golf Course,Park,Public Transit,School Bus Service,Shopping,Beach |
| Association Fee | 0.00 |
| Listing Office Name | Century 21 Optimum Realty |
| Listing Agent | Keith Kenny |
| MLS® | 202501063 |
No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.