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498 St Margarets Bay Road
8-Armdale/Purcell's Cove/Herring Halifax B3N 1K4

$1,495,000
Multi-Family

Main Photo: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 1: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 2: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 3: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 4: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 5: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 6: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 7: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 8: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 9: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 10: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 11: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 12: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 13: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 14: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 15: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 16: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 17: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 18: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 19: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 20: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 21: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 22: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 23: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 24: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 25: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 26: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 27: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 28: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 29: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 30: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 31: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 32: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 33: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 34: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 35: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 36: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 37: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 38: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 39: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 40: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Photo 41: 498 St Margarets Bay Road in Halifax: 8-Armdale/Purcell's Cove/Herring Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202424053
Status:
Pending
Prop. Type:
Multi-Family
MLS® Num:
202424053
A rare opportunity to purchase a purpose built 6 unit building (2-1BR-4-2BR) located just up from the Armdale round-a-bout with a bus stop out front. A solid built building that has been extensively renovated and maintained in the last few years. Each unit has front and back doors and access to a large sunny backyard, hardwood floors throughout the units, 4 of the 6 units have updated/new kitchens and 5 of the 6 units have updated/new bathrooms. 1 unit has not been renovated but is in very good condition. Parking for 2 cars (end/end) for each unit. Check the document section for list of updates and renovations. This building is a buy and hold. A long term building that requires nothing. If you're looking at a solid investment that will bring you years of long term worry free ownership this building should be on your list.
Listing Sub-Area:
8-Armdale/Purcell's Cove/Herring
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
28x57
Outside Dimenions:
28x57
Lot Size:
12,615 sq. ft.
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
6
Age:
72
# Floors:
2
Exterior Finish:
Vinyl
Foundation:
Concrete
New Constr.:
Yes
Basement:
Full, Fully Developed, Walkout, Other
Floor Finish:
Ceramic, Hardwood, Vinyl Plank
Roof:
Rolled
Heating:
Baseboard, Furnace, Hot Water, Radiator
Fuel:
Oil
Parking:
Yes
Parking Description:
Parking lot completely repaved 2020 Parking for 2 cars (end/end) for each unit.
Driveway:
Paved, Other
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
6
Num 1 Bed Units:
2
Num 2 Bed Units:
4
# Of Dishwashers:
1
# Of Dryers:
5
# Of Fridges:
6
# Of Microwaves:
3
# Of Stoves:
6
# Of Washers:
5
Rental Income:
Yes, Actual 103,997
Laundry Income:
none
Other Income:
none
Approx. Net Income:
Actual 80,452.81
Approx. Total Expense:
Actual 23,524.19
Approx. Total Income:
Actual 103,997
Apt Conforming, Balcony, Cable, Laundry
6 Fridges,6 Stoves 5 Washers 5 Dryers 1 Dishwasher, 3 Microwaves, Window coverings that do not belong to the tenants.
None
Deck
No
Assessment:
795500.0
Assessment Year:
2024
Zoning:
R1
Possession Info:
As per Tenancy, 4 fixed term leases, 2 periodic leases
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
Listed Date:
Days on Mkt:
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Listed by City St Realty
Data was last updated November 14, 2024 at 01:20 AM (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.

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