173 St Margaret's Bay Road, Halifax, NS, B3N1K8

Property Details: - Type: Other - Bedrooms: 0 - Bathrooms: 0 - MLS#: 202605686 Listed By: ENGEL & VOLKERS

Positioned on a generous parcel along sought-after St. Margarets Bay Road, this rare offering presents a compelling blend of immediate income, approved development potential, and long-term upside. The historic residence known as Craigmore sits on a property now supported by an approved Development Agreement, enabling subdivision into five distinct lots and the construction of a luxury duplex, a substantial three-unit townhome, plus the opportunity to add an additional unit by converting the existing detached garage. Importantly, the Development Agreement predates the Housing Accelerator zoning changes, offering prospective purchasers the potential to explore enhanced density options as planning policies evolve. The existing structure is a legal over-under duplex with established tenants, providing stable holding income while future plans are realized. Steeped in local history, Craigmore was originally built in 1908 and reflects classic Arts & Crafts / Cottage architectural influences. Mature landscaped grounds, stone walls, and winding garden pathways contribute to the propertys timeless character and enduring curb appeal. A bronze plaque at the entrance commemorates its Gaelic name, meaning solid rock, a fitting tribute to both its heritage and its enduring presence within the North West Arm community. This is a rare opportunity to secure a strategically located development site with approved entitlements, current revenue, and meaningful future potential. Ideal for investors, builders, or developers seeking to create a signature residential enclave in one of Halifaxs most desirable corridors. (id:65070) This other home located at 173 St Margaret's Bay Road, Halifax is currently for sale and has been available on Zolo.ca for 1 day. This property is listed at $2,899,900 with an estimated mortgage of $10,674* per month. It has beds and bathrooms. The property was built in 1909. 173 St Margaret's Bay Road, Halifax is in Halifax.