1197/1199 St Margaret's Bay Road, Beechville (MLS® 201814154)

  • Duplex
  • 2038 ft2
  • 5
  • 2
MLS®: 201814154
Active $275,000


1197/1199 St Margaret's Bay Road, Beechville (MLS® 201814154): Lake front legal non-conforming Duplex, see zoning letter under docs. Halifax, near Bayer's Lake Shopping. #1197, rear unit, has 1 bedroom plus den, kitchen, dining and bath all on 2 levels, 795 sqft of living area. Completely rebuilt from ground up in 2011, everything is like new, with own power & electric heat, outside underground drainage in 2016. Rented $700/m. Tenant pays power. #1199, the front unit, has 4 bedrooms + den, kitchen, dining, living and 1.5 bath, total 1243 sqft living area. Completely renovated from the studs in 2011, with new kitchen, insulation, roof, plumbing, and many new windows and floors. New hot water tank, oil forced-air heating, separate power, fiberglass oil tank, floors, siding, all in 2017. Rented $1100/m, tenant pays power. Many new upgrades in 2018; 80% on second floor (floor, walls, ceiling), the entire living room and half of the front roof. Detached garage rents for $100/m. Septic can be converted to municipal service (approx $7000). Second PID 41357518, 1203 St Margaret's Bay Rd, 6004 sqft sold separately. Perfect for the investor or the developer who wants both lots. Net return is 6.5% ! **Important** Tenants are in place until October 1, 2019. This is a great income property. (Listing Courtesy of: RE/MAX NOVA - 15867)

More details at: 1197/1199 St Margaret's Bay Road, Beechville (MLS® 201814154)


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