173 St Margaret's Bay Road

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.

Listing

MLS® number

202627434

Status

Active

Days On Market

9

Building

Type

Other

Year built

1909

Foundation

Block

Interior

Flooring

Tile, Hardwood, Carpeted

Heating

Heat Pump, Oil, Electric, Wood, Radiator, Hot Water, Ductless, Furnace

Cooling

Air Conditioned

Land

Lot size

0.75 acres

View

Ocean view, Harbour

Exterior features

Wood shingles

Community

School Bus, Recreational Facilities

Parking

Type

Paved Yard, Other, Parking Space(s), Interlocked

Utilities

Water

Municipal water

Sewer

Municipal sewage system

Services

Cable Available

Fees and Taxes

Common interest

Freehold

Parcel number

40577041

Directions

Joseph Howe Dr to Armdale Rotary to St. Margaret's Bay Road on right side

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