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$ 3,450,000
Est. payment /mo
Active
173 St Margaret's Bay Road Halifax, NS B3N1K8
0.75 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Halifax
MLS® Listing ID 202502271
Originating Board Nova Scotia Association of REALTORS®
Lot Size 0.749 Acres
Acres 32643.863
Property Sub-Type Freehold
Property Description
Embrace a truly remarkable development opportunity nestled in the heart of Halifax! This expansive property currently hosts a historic gem known as ?Craigmore?. Now with an approved Development Agreement in place, this property is primed for exciting possibilities of expansion and/or subdivision. It's worth noting that this development agreement was submitted prior to the Housing Accelerator zoning changes, potentially opening avenues for additional density should a purchaser wish to explore further opportunities. This agreement permits the subdivision of the property into five lots, with the right to constructing a luxurious duplex, along with a sizeable three-unit townhome and add an extra unit by converting the existing detached garage. The current existing home is a legal over/under duplex with tenants. This provides an investor a piece of mind with an ?as of right?, but still welcomes their creativity to determine the highest and best use to suit their portfolio. In 1908, Margaret MacDonald bought two lots on St. Margaret's Bay Road in North West Arm and built a house where she lived until her death in 1938. Victoria and Daniel Scouler purchased Craigmore in 1938. Daniel was a prominent figure in Halifax's shipping industry, serving as superintendent of the Halifax Shipyards for 39 years. Craigmore, meaning "solid rock" in Gaelic, is inscribed on a bronze plaque at the entrance. The house features Arts and Crafts/Cottage architecture and is utilized as a legal duplex with over/under flats, Craigmore radiates prestige, with mature gardens, stone walls, and enchanting walkways adding to its allure. Lots of opportunity here for all investor classes. (id:24570)
Location
Province NS
Exterior
Parking Features No
View Y/N Yes
View Harbour, Ocean view
Private Pool No
Building
Lot Description Partially landscaped
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Engel & Volkers
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