358-360 St Margarets Bay Road, Armdale, NS B3N1J9
358-360 St Margarets Bay Road, Armdale, NS B3N1J9
358-360 St Margarets Bay Road, Armdale, NS B3N1J9
358-360 St Margarets Bay Road, Armdale, NS B3N1J9
358-360 St Margarets Bay Road, Armdale, NS B3N1J9
358-360 St Margarets Bay Road, Armdale, NS B3N1J9
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Julie Pollard

Julie Pollard

+1(250) 280-9666
$ 749,900
Est. payment | /mo

7,126 Sqft Lot

Save
$ 749,900
Est. payment | /mo
Save

7,126 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Armdale

MLS® Listing ID 202527574

Year Built 1952

Lot Size 7,126 Sqft

Acres 0.1636

Property Sub-Type Freehold

Property Description

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:24570)

Location

Province NS

Rooms

Kitchen 0.0

Interior

Flooring Ceramic Tile, Hardwood, Linoleum

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by Century 21 Optimum Realty
Nearby Locations
Julie Pollard

More Than a Realtor—Your Trusted Real Estate Partner

About

With over 20 years of proven results, I’ve built a reputation as one of the Fraser Valley’s and Okanagans most trusted and successful Realtors. My clients know me for sharp negotiation skills, deep local expertise, and a relentless commitment to achieving the best outcomes—whether buying, selling, or investing.

Products & Services
Expert Guidance – Personalized support for buyers and sellers navigating the Fraser Valley market.

Customized Marketing Plans – Tailored strategies to showcase your property and maximize exposure.

Local Expertise – In-depth knowledge of Abbotsford, Chilliwack, Langley, Mission, and surrounding communities.

Comprehensive Search Tools – Access the latest Fraser Valley listings with advanced home search options.

Proven Selling Strategies – Strategic advice to help you sell quickly and for the best price.

Market Insights – Accurate analysis and up-to-date trends to keep you informed and confident in your decisions.

 

WHAT CLIENTS SAY:

"We hired Julie as our realtor and she always went above and beyond the call of duty for us.She found us the perfect place it took some time but she said be patient and she was right highly recommend Julie as a realtor." - WR
“Julie Pollard is an extremely knowledgeable and professional Realtor who puts the needs of her clients as her priority. She is well informed about the areas she serves which makes her best placed to advise people who may be new to the region and she is a fabulous negotiator. I highly recommend Julie to friends, family and anyone who is looking for honest upfront service." - SJ
“Julie is a professional. She brings years of experience.and along with her phonographic talent will make your property shine. I am very pleased to recommend her when selling your home! No one works harder!!" -SS

+1(250) 280-9666

julie.pollard@exprealty.com

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358-360 St Margarets Bay Road

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