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Residential Income For Sale

0.16 Acre - 358-360 St Margarets Bay Road, Armdale, NS B3N 1J9

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Property Description

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 owner’s 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 Halifax’s most desirable rental corridors.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 202527574
Price : C$825000
Bedrooms : 7
Year Built : 1952
Lot Area : 0.16 Acre
Status : Active
Listing Status : ACTIVE
Property Sub Type : Triplex
Roof : Asphalt
Features
Heating System : Baseboard
Basement : Finished, Walk-Out Access
Parking : Parking Spaces(s)
Utilities : Cable Connected, Electricity Connected, Phone Connected
Sewer : Municipal
Flooring : Ceramic Tile, Hardwood, Linoleum
Exterior Features : Balcony
Appliances
Appliances : Refrigerator, Stove
Address Map
Location Text : 358-360 St Margarets Bay Road, Armdale, NS B3N 1J9
County : Halifax
City : Armdale
Postal Code : B3N 1J9
Street : St Margarets Bay
Street Number : 358-360
Street Suffix : Road
Longitude : W64° 22' 20.9''
Latitude : N44° 38' 21.3''
Directions : St. Margarets Bay Road Before the Rotary.
Mls Area Major : 8-Armdale/Purcell's Cove/Herring Cove
Zoning : R-1 - RESIDENTIAL LOW DENSITY
Neighborhood
Middle School : St Agnes Junior High School
High School : Citadel High School
Elementary School : Springvale Elementary School
Property Details
Price Per SQFT : $ 0
Search Price : $ 0
Office Name : Century 21 Optimum Realty
Agent Name : Keith Kenny
Sales History
Previous Price : $ 0
Original Price : $ 0
Selling Price : $ 0
Neighborhood Details
:
Additional Information
Water Source : Municipal
Stories : 3
Number Of Units Total : 4
Lot Features : Under 0.5 Acres
Foundation Details : Concrete Perimeter
Construction Materials : Vinyl Siding
Community Features : Park, Playground, Shopping, Place of Worship, Beach, Near Public Transport
Listing Information
List Agent Mls Id : N113378
List Office Mls Id : N24684
Mls Status : ACTIVE
Modification Timestamp : 2025-11-10T14:27:23Z
Originating System Name : NSAR
Residential Income For Sale
  • Listing ID : 202527574
  • Bedrooms : 7
  • Lot Area : 0.16 Acre
  • Visits : 1
C$825000
Agent info
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