752/754 St Margarets Bay Road Armdale, NS B3N 1K7
Listing Courtesy of: NOVA SCOTIA AOR / Century 21 Optimum Realty / Keith Kenny

  752/754 St Margarets Bay Road Armdale, NS B3N 1K7

Active (69 Days)
$589,900

Description

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 propertys 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!

MLS®:
202424550
Lot Size
6,974 SQFT
Type
Multifamily
Year Built
1965
Views
No
County
Halifax Regional Municipality

Listed By

Keith Kenny, Century 21 Optimum Realty
Source
NOVA SCOTIA AOR
Last checked Dec 23 2024 at 1:39 AM EST
Bathroom Details
Subdivision
  • 8-A
Property Features
  • Foundation: Concrete
Heating and Cooling
  • Baseboard
Flooring
  • Linoleum
  • Laminate
  • Hardwood
Exterior Features
  • Wood Siding
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Municipal
  • Fuel: Electric
School Information
  • Elementary School: Springvale Elementary School
  • Middle School: Oxford School
  • High School: Citadel High School
Garage
  • No
Parking
  • St Margarets Bay Road Right Before Northwest Arm Drive. Come In the Driveway of 752/54 and Around Back.
  • Shared
  • Gravel
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Dec 06, 2024
Price Changed
$589,900
-2%
-10,000
Oct 15, 2024
Original Price
$599,900
-
-
Disclaimer: Copyright 2024 Nova Scotia Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/22/24 17:39