Main Points Of Interest
For Sale
$599,900
Status
Active
Assessment
$214,200 (2012)
Age
59
Days Listed
41
List Date
October, 15th, 2024
MLS®#
202424550
Prop Type
Duplex
Zoning
R-2 - RESIDENTIAL MEDIUM DENISTY/I-1
Lot Size
Lot Size M
6,976 sq ft
Acres
Under 0.5 Acres
Legal Desc
LOT 4
Water
Municipal
Sewer
Municipal

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! Open house showings by appointment only only saturday oct 19, 12-3 pm, and sunday october 20, 12-3pm. Offers to be held until monday oct 21, 5pm and left open until 10pm the same day. With the addition of 744 st margarets bay road which is also for sale you could have 13,824 sqft of potential development space!


Dwelling Details
Year Built (approx)
1965
Heating
Baseboard
Fuel Type
Electric
Foundation
Concrete
Basement
Fully Developed,Walkout
Exterior
Wood Siding
Dimensions
44 X 30
Roof
Asphalt Shingle
Flooring
Hardwood,Laminate,Linoleum
Building Feat
Apt Conforming
Rental Equip
None
Land Details
Migrated
Yes
Approx Num Acres
0
Title To Land
Freehold
PID#
00271825
Community Feat
Golf Course,Park,Playground,Public Transit,Place of Worship,Beach
County
Halifax
Postal Code
B3N 1K7
Directions
St Margarets Bay Road Right Before Northwest Arm Drive. Come In The Driveway Of 752/54 And Around Back.
Parking/Garage Details
Garage
No
Garage Details
Driveway
Gravel,Shared
Parking Y/N
n/a
Parking Details
(St Margarets Bay Road Right before Northwest Arm Drive. Come in the driveway of 752/54 and around back.)
RENTAL UNITS & APPLIANCES
Bach Units
0
1 Bedrm Units
0
2 Bedrm Units
1
3 Bedrm Units
1
4 Bedrm Units
0
Units Occupied
2
Stoves
2
Fridges
2
Dishwashers
0
Microwaves
0
Washers
2
Dryers
2
Jerry Lynds Halifax real estate agent Wouldn't it be nice to have an agent that tells you the bad stuff about properties and not just the good selling points? If so, contact Jerry!

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Other Details
Original Price
$599,900 (unchanged)
Last Price Change
October, 15th, 2024
Inclusions
2 Fridges, 2 Stoves, 2 Washers, 2 Dryers
Exclusions
PCDS
No
Possession
Negotiable
MLS® Area
Halifax - Dartmouth: 8-Armdale/Purcell's Cove/Herring Cove
Listing Office
Century 21 Optimum Realty
FINANCIALS
income
Rental Income
Laundry Income
Other Income
Gross Income
EXPENSES
Insurance
Heating
Management
Maintenance
Electricity
Taxes
Water/Sewage
Snow/Garbage
Other Costs
Total Expenses
Summary
Net Income
Lat/Lng:
44.636562, -63.637081
Local ammenities go here
MUNICIPAL INFORMATION
SCHOOL INFO (Select Data Source)

GRADE
PROGRAM
SCHOOL
PR-6
Elementary French Immersion
St. Catherine's
PR-6
Elementary English Program
Springvale
7-9
Jr Hi Early French Immersion
Oxford
7-9
Jr Hi English Program
St. Agnes
10-12
Sr Hi English Program
Citadel High School
10-12
Sr Hi Early French Immersion
Citadel High School

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