358-360 St Margarets Bay Rd, Halifax, NS

Name: 358-360 St Margarets Bay Rd, For Sale in Halifax - eXp Realty
Brand: Century 21 Optimum Realty
SKU: 202527574
Price: 749900 CAD

House

For Sale

Listed price in listed location currency (CAD).

$749,900

700

MLS® 202527574

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage

Taxes

Days Active 165

Lot Size

Approx. Age 1952

MLS® Number 202527574

Property Address: 358-360 St Margarets Bay Rd, Halifax, NS, B3N1J9

Average square foot calculated using Size range provided by listing agent.

Description

INVESTOR ALERT – Rare value add opportunity in one of Halifax’s strongest rental corridors. This solid multi unit property includes three spacious two bedroom units plus an existing non legal one bedroom basement suite and offers investors a rare advantage of all units vacant at closing, allowing a buyer to immediately renovate, set market rents, and reposition the building to maximize returns from day one. Each upper unit is self contained with its own entrance, hardwood floors, updated windows, and private balconies that provide excellent natural light. The building is efficiently configured with four electrical panels and separate hot water heaters, with tenants paying their own electricity, helping keep operating costs low and management simple. Recent improvements include new siding and fresh paint in two units, reducing near term capital requirements while maintaining strong tenant appeal. Situated on a 50 x 145 ft lot with parking for at least five vehicles, the property offers excellent tenant convenience in a desirable rental location. For investors focused on maximizing value, there is strong upside through renovations and repositioning. Updating the units with modern kitchens and finishes, adding shared laundry, and exploring the opportunity to legalize and improve the existing basement suite (subject to municipal approval) could significantly increase income potential. Based on current market estimates, renovated two bedroom units could achieve approximately $2, 000 per month plus utilities, with the one bedroom basement unit estimated around $1, 500 per month, creating potential gross rental income of approximately $90, 000 annually once stabilized. Ideally located minutes from the Armdale Rotary, Chocolate Lake, and major transit routes, this fully vacant property presents investors with a rare opportunity to renovate, increase rents, and unlock strong long term cash flow and long term equity growth in Halifax’s high demand rental market.

MLS® Number202527574

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1952

BasementFinished, Walk-Out Access

DrivewayParking Spaces(s)

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Nov 10, 2025List Date

$749,900List Price

Commute

Commute

Starting Address

Destination Address

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For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.