2-4 Unit - Multi-Units Investments
752/754 St Margarets Bay Road
8-Armdale/Purcell's Cove/Herring
Armdale
B3N 1K7
$599,900
Multi-Family
built: 1965
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202424550
- Year Built:
- 1965
- Photos (36)
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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!
- Listing Sub-Area:
- 8-Armdale/Purcell's Cove/Herring
- Property Type:
- Multi-Family
- Multi-Family Type:
- Duplex
- Title To Land:
- Freehold
- Building Dimenions:
- 44 x 30
- Outside Dimenions:
- 44 x 30
- Lot Size:
- 6,974 sq. ft.648 m2
- Prop Size:
- Under 0.5 Acres
- # of Rental Units / Occupied:
- 2
- Year built:
- 1965 (Age: 59)
- Age:
- 59
- Exterior Finish:
- Wood Siding
- Foundation:
- Concrete
- Basement:
- Fully Developed, Walkout
- Floor Finish:
- Hardwood, Laminate, Linoleum
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard
- Fuel:
- Electric
- Parking Description:
- St Margarets Bay Road Right before Northwest Arm Drive. Come in the driveway of 752/54 and around back.
- Driveway:
- Gravel, Shared
- Water Supply:
- Municipal
- Sewer:
- Municipal
- Num Units:
- 2
- Num 2 Bed Units:
- 1
- Num 3 Bed Units:
- 1
- # Of Dishwashers:
- 0
- # Of Dryers:
- 2
- # Of Fridges:
- 2
- # Of Microwaves:
- 0
- # Of Stoves:
- 2
- # Of Washers:
- 2
- Apt Conforming
- 2 Fridges, 2 Stoves, 2 Washers, 2 Dryers
- Beach, Golf Course, Park, Playground, Public Transit, Place of Worship
- None
- None
- No
- Zoning:
- R-2 - RESIDENTIAL MEDIUM DENISTY/I-1
- Possession Info:
- Negotiable
- Elementary School:
- Springvale Elementary School
- French Imm Elementary School:
- St Catherine's Elementary School
- French Imm High School:
- Citadel High School
- French Imm Middle School:
- Oxford School
- High School:
- Citadel High School
- Middle School:
- St Agnes Junior High School
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Listed by Century 21 Optimum Realty
Data was last updated November 13, 2024 at 01:20 PM (UTC)
Area Statistics
- Listings on market:
- 60
- Avg list price:
- $949,950
- Min list price:
- $389,900
- Max list price:
- $4,750,000
- Avg days on market:
- 46
- Min days on market:
- 5
- Max days on market:
- 629
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.
- Angela Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 9022927826
- Angela@LeamanRE.ca
- Trish Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 902-452-6023
- Trish@LeamanRE.ca