30
$2,800,000 Sale
Listed 4 hours ago
173 St Margaret's Bay Road
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Key Facts
Key facts for 173 St Margaret's Bay Road
Property Type
Lots/Land
Parking
Garage: No, 0 parking
MLS #
202627433
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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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 construct...ion 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. (id:10452)
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Listing courtesy of: Century 21 Trident Realty Ltd.
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