173 St Margaret's Bay Road Halifax, Nova Scotia B3N 1K8
$2,899,900
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:45785)
Property Details
| MLS® Number | 202605686 |
| Property Type | Other |
| 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 | 1909 |
| 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) | |
| Paved Yard | |
| 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/29526010/173-st-margarets-bay-road-halifax-halifax
Contact Us
Contact us for more information
Christopher(Chris) Harding
(902) 422-5562
https://halifax.evcanada.com/en/
https://www.facebook.com/Chris-Harding-Harding-Real-Estate-151732775180754/
https://www.linkedin.com/in/chris-harding-58340149?trk=hp-identity-name
https://twitter.com/hardingonhomes
1901 Gottingen Street
Halifax, Nova Scotia B3J 0C6
(902) 422-5552
(902) 422-5562
https://novascotia.evrealestate.com/
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March 27 2026 07:51:16
Nova Scotia Association of REALTORS®
Engel & Volkers