173 St Margaret's Bay Road Halifax, Nova Scotia B3N 1K8
$3,199,900
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:45785)
Property Details
| MLS® Number | 202502273 |
| Property Type | Other |
| Neigbourhood | Long Lake Provincial Park |
| Community Name | Halifax |
| Amenities Near By | Golf Course, Park, Playground, Public Transit, Shopping, Place Of Worship |
| Community Features | Recreational Facilities, School Bus |
| Equipment Type | Other |
| Rental Equipment Type | Other |
| Structure | Greenhouse, Shed |
| View Type | Harbour, Ocean View |
Building
| Amenities | Fireplace(s) |
| Appliances | Stove, Dishwasher, Dryer, Washer, Refrigerator |
| Constructed Date | 1908 |
| Cooling Type | Air Conditioned, Heat Pump |
| Exterior Finish | Wood Shingles |
| Flooring Type | Carpeted, Hardwood, Tile |
| Foundation Type | Block, Concrete Perimeter |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Interlocked | |
| Parking Space(s) | |
| Other |
Land
| Acreage | No |
| Land Amenities | Golf Course, Park, Playground, Public Transit, Shopping, Place Of Worship |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.7494 |
| Size Total | 0.7494 Ac |
| Size Total Text | 0.7494 Ac |
Utilities
| Cable Available | Unknown |
https://www.realtor.ca/real-estate/27876734/173-st-margarets-bay-road-halifax-halifax
Contact Us
Contact us for more information
Christopher(Chris) Harding
(902) 422-5562
https://halifax.evcanada.com/en/
1901 Gottingen Street
Halifax, Nova Scotia B3J 0C6
(902) 422-5552
(902) 422-5562
https://novascotia.evrealestate.com/
Tina Prinsenberg
1901 Gottingen Street
Halifax, Nova Scotia B3J 0C6
(902) 422-5552
(902) 422-5562
https://novascotia.evrealestate.com/
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April 25 2025 03:51:04
Nova Scotia Association of REALTORS®
Engel & Volkers