1562 St Margarets Bay Rd, Lakeside, NS B3T 1A9
1562 St Margarets Bay Rd, Lakeside, NS B3T 1A9
1562 St Margarets Bay Rd, Lakeside, NS B3T 1A9
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Listed by Sahej Riar • RE/MAX Nova (Halifax)
$569,900
Est. payment /mo
5 Beds
3 Baths
2,343 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,343 sqft

Price per Sqft $243

MLS Listing ID 202621129

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 2005

Lot Size 7,501 Sqft

Acres 0.1722

Property Sub-Type Single Family Residence

Source Nova Scotia

Property Description

Welcome to 1562 St Margarets Bay Road, a beautifully maintained Prestige Homes property in the heart of Lakeside offering an excellent opportunity for homeowners and investors alike. This income-producing property features a 3-bedroom, 2-bathroom main-level unit with a renovated living room and wood-burning fireplace, open-concept kitchen and dining area with backyard access, main-level laundry, and a spacious primary ensuite with whirlpool tub. The lower level functions as a 2-bedroom, 1-bathroom in-law suite, providing additional living space and rental income. The property currently generates $4,875/month in total rental income, with $2,600/month upstairs and $2,275/month downstairs, including internet and water. Electricity is divided 30/70 between the upstairs and basement. The home also features a private backyard, large deck, and numerous recent upgrades, including a new roof (2023), three heat pumps (2024), finished basement with electrical upgrades, new appliances, regravelled driveway (2026), and smart Mysa thermostats throughout. With strong rental income, flexible living arrangements, and extensive recent improvements, this is a fantastic move-in-ready property in a convenient Lakeside location.

Location

Province NS

County Halifax

Area 40-Timberlea, Prospect, St. Margaret'S Bay

Zoning R1

Region Halifax - Dartmouth

City Region Halifax - Dartmouth

Rooms

Basement Partially Finished, Walk-Out Access

Bedroom 2 12.7x9.6

Living Room 15x9.3

Dining Room 13.3x9.1

Kitchen 6.2x9.5

Interior

Interior Features High Speed Internet

Heating Baseboard, Fireplace(s), Ductless

Flooring Carpet, Laminate, Vinyl

Equipment No Rental Equipment

Fireplace Yes

Appliance Stove, Dishwasher, Washer/Dryer, Microwave

Basement Type Partially Finished,Walk-Out Access

Exterior

Utilities Available Electric, Cable Connected, Electricity Connected, Phone Connected

View Y/N No

Roof Type Asphalt

Porch Deck, Patio

Garage No

Private Pool No

Parking Type Gravel

Building

Lot Description Under 0.5 Acres

Dwelling Type Detached

Story 2

Foundation Slab

Sewer Municipal

Water Municipal

Level or Stories Two

New Construction No

Schools

Elementary Schools Beechville Lakeside Timberlea Sr Elementary School

Middle Schools Ridgecliff Middle School

High Schools Bay View High School

Others

Ownership Freehold

ParcelsYN No

Virtual Tour https://youriguide.com/1562_st_margarets_bay_rd_lakeside_ns/


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