358-360 St Margarets Bay Road - Photo 1 of 50, Armdale, Nova Scotia
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$799,900

358-360 St Margarets Bay Road — Armdale, Nova Scotia

B3N1J9

1952Built

Listed by Century 21 Optimum Realty

About This Property

Presenting an exceptional investment opportunity in a high-demand rental area, featuring a solid, well-maintained triplex with three spacious two-bedroom units and a non-legal one-bedroom basement suite. Each upper unit is fully self-contained with its own entrance, hardwood floors, updated windows, and private balconies that bring in natural light, while the basement unit offers a walk-out patio and access to the shared coin-operated laundry area for additional income. The property is separately metered with four electrical panels, and each unit has its own hot water heater, with tenants paying their own heat and power. The owners responsibilities are limited to maintenance, water, and taxes, making this a low-effort, high-yield investment. Recent upgrades include new siding and fresh paint in two units, enhancing appeal and reducing future upkeep. The lot measures 50 x 145 feet and provides parking for at least five vehicles. Three units will be vacant for closing, offering flexibility to set market rents or renovate, while the fourth unit is under a fixed-term lease at $1,675/month plus utilities until June 2026. The basement unit, which shares power with the laundry and exterior lighting, requires some work, but with sweat equity and a potential application to the city, it could become a significant income booster. Estimated rent for each unit is $1,850+ per month, giving the property excellent upside potential. Located minutes from the Armdale Rotary, 2 blocks from the public dock at Chocolate Lake and along major transit routes, this income property combines strong cash flow potential with long-term appreciation in one of Halifaxs most desirable rental corridors. (id:63357)

Property Details

Property Type
Detached
Year Built
1952
Status
Active

Location & Neighborhood

What's nearby 358-360 St Margarets Bay Road

Lifestyle Summary

At 358 St Margarets Bay Road, Armdale, your daily commute transforms into a seamless experience, thanks to the extensive transit options just steps from your front door. Within a mere minute's walk, you can catch one of several bus services, including the 6187 or 6169, ensuring that you’re connected to the wider Halifax area with ease. Whether heading to downtown for work or exploring other parts of the city, these transit links offer a hassle-free solution for your daily travels. On weekends, embrace the tranquility of nature just moments away. Birchwood Park is a quick one-minute stroll, providing a lush green haven for morning jogs or leisurely walks with your dog. The expansive tree canopy and well-maintained trails invite you to unwind and reconnect with the outdoors, making it the perfect spot to start your day or to enjoy a peaceful afternoon. After your nature excursion, consider stopping by Heppy's Pie Lady, an eight-minute walk away, where you can indulge in delicious homemade pies—perfect for a cozy lunch or an easy dinner after a busy day. For those who enjoy a more relaxed pace, the nearby parks present a variety of outdoor activities. Within an eight-minute walk, you can reach another local park that offers ample space for picnics, playdates, or simply soaking up the sun. The combination of these green spaces enhances the lifestyle here, allowing you to balance the hustle of urban living with the calming presence of nature. As you settle into this unique residence, envision a life where your mornings begin with a brisk walk through Birchwood Park, your afternoons are spent savoring local culinary delights, and your evenings wind down with the ease of nearby transit options. At 358 St Margarets Bay Road, the rhythm of your daily life is beautifully orchestrated, blending convenience and nature seamlessly into your routine.

Parks & Recreation

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POI data updated recently

Armdale Market Snapshot

1

Active Listings

$800K

Median Price

0

Avg Days on Market

Last updated: Jan 31, 2026

Listed by

Century 21 Optimum Realty

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$799,900