$749,900
Unlock Price Rating!

358 360 St Margarets Bay Road, Armdale, NS B3N1J9

 Contact

INVESTOR ALERT Rare value add opportunity in one of Halifaxs strongest rental corridors. This solid multi unit property includes three spacious two bedroom units plus an existing non legal one bedroom basement suite and offers investors a rare advantage of all units vacant at closing, allowing a buyer to immediately renovate, set market rents, and reposition the building to maximize returns from day one. Each upper unit is self contained with its own entrance, hardwood floors, updated windows, and private balconies that provide excellent natural light. The building is efficiently configured with four electrical panels and separate hot water heaters, with tenants paying their own electricity, helping keep operating costs low and management simple. Recent improvements include new siding and fresh paint in two units, reducing near term capital requirements while maintaining strong tenant appeal. Situated on a 50 x 145 ft lot with parking for at least five vehicles, the property offers excellent tenant convenience in a desirable rental location. For investors focused on maximizing value, there is strong upside through renovations and repositioning. Updating the units with modern kitchens and finishes, adding shared laundry, and exploring the opportunity to legalize and improve the existing basement suite (subject to municipal approval) could significantly increase income potential. Based on current market estimates, renovated two bedroom units could achieve approximately $2, 000 per month plus utilities, with the one bedroom basement unit estimated around $1, 500 per month, creating potential gross rental income of approximately $90, 000 annually once stabilized. Ideally located minutes from the Armdale Rotary, Chocolate Lake, and major transit routes, this fully vacant property presents investors with a rare opportunity to renovate, increase rents, and unlock strong long term cash flow and long term equity growth in Halifaxs high demand rental market. (id:58753)

Listing By: Keith Kenny - Century 21 Optimum Realty cncrea2 Realty.com
  • MLS® 202527574
  • Date Listed11/11/2025
  • Days on Realty 208 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 7,126 sq. ft
  • Sewer Public Sewer
  • Property Type Triplex
  • Year Built 1952
  • Water Public

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 7,126.42
  • Lot Features Balcony

Directions

St. Margarets Bay Road Before the Rotary.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for B3N1J9

Discover key demographics, population statistics, and environmental insights for the Armdale, NS area.

Walkability in NS / B3N1J9

Source: Walk Score

53/100

Somewhat Walkable

Walk Score ®

51/100

Good Transit

Transit Score ®

52/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

15 nearby routes: 15 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 46/100, Bike Score: 42/100.

Points of Interest near 358 360 St Margarets Bay Road, Armdale, NS B3N1J9

Frequently Asked Questions for 358 360 St Margarets Bay Road

Source: Realty.com

358 360 St Margarets Bay Road, Armdale, NS B3N1J9 in Armdale, NS B3N1J9 is a triplex listed at $749,900. Highlights include built in 1952. Realty.ca has 50 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 50 photos of 358 360 St Margarets Bay Road.

Our records indicate that 358 360 St Margarets Bay Road was built in 1952.

The full address for this home is 358 360 St Margarets Bay Road, Armdale, NS B3N1J9.

358 360 St Margarets Bay Road has been listed on Realty.com since Tue November 11, 2025

Some errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 46/100, Bike Score: 42/100.

Listing provided courtesy of: Century 21 Optimum Realty
Listing agent: Keith Kenny

This content last refreshed on 2026-06-07 23:10:39. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.