173 St Margaret's Bay Road, Halifax, NS

$3,450,000

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0.75

Acres

About 173 St Margaret's Bay Road

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. 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.

Features of 173 St Margaret's Bay Road

MLS® # 202502271
Price $3,450,000
Bathrooms 0.00
Acres 0.75
Type Land
Sub-Type Unimproved Land
Status Active

Community Information

Address 173 St Margaret's Bay Road
Area Halifax - Dartmouth
District 8-Armdale/Purcell's Cove/Herring Cove
Sub-District 8-A
City Halifax
County Halifax
Province NS
Postal Code B3N 1K8

Amenities

Utilities Cable Connected, Electricity Connected, High Speed Internet, Natural Gas Connected, Phone Connected, Other
Parking Interlocking, Driveway, Parking Spaces(s), Paved
View Harbour, Ocean
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Lot Description Partially Cleared, Partial Landscaped, Sloping/Terraced, Wooded, 0.5 to 0.99 Acres

School Information

Elementary Springvale Elementary School
Middle St Agnes Junior High School
High Citadel High School

Additional Information

Days on Market 2
Zoning R2

Listing Details

OfficeEngel & Volkers

Listing Map

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