173 St Margaret's Bay Road
Halifax, Nova Scotia
MLS® 202627433
$2,800,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 202627433
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 30Listing description
Welcome to 173 St. Margarets Bay Road. This rare 32,000+ sq.
ft. parcel presents an exceptional development opportunity in a prime location. The property features an approved development agreement allowing the parcel to be subdivided into 5 separate lots.
The approved plan accommodates the construction of a new luxury duplex, three townhouses, and the conversion of the existing garage into a detached backyard suite. Along with the existing beautiful historic over/under duplex, "The Craigmore," the approved plans yield a total of 8 units! "The Craigmore" provides valuable income from day one while you plan and execute your build.
This development agreement predates HRMs Housing Accelerator Fund (HAF) initiatives, forward-thinking buyers have an exciting window to explore additional density potential as municipal planning guidelines continue to evolve. Situated just a stone's throw from the Northwest Arm and within easy walking distance of local shops, dining, parks, and trails, opportunities of this scale and flexibility are few and far between. Whether you are a builder ready to break ground or an investor seeking prime land with immediate income, 173 St.
Margarets Bay Road is your next purchase! Contact your REALTOR® today for full development agreement documentation and site plans.
Property summary
- MLS® number
- 202627433
- Property type
- Vacant Land
- Title
- Freehold
- Land size
- 0.7494 acres
- Parking
- Paved Yard, Parking Space(s), Interlocked
- Days on market
- 0 days
Features & details
- Lot features
- Treed, Sloping, Partially cleared
- View
- Ocean view, Harbour
What would this home cost you?
Based on the $2,800,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Century 21 Trident Realty Ltd., Halifax Regional Municipality.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.