About this home

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. (id:63626)

Listed by: Sahej Riar, Salesperson, RE/MAX Nova (Halifax)

Home facts and features

Price details

List Price

$569,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Gravel

Property Type

House

Lot Size

7501 ft²

Depth

Year Built

Built in 2005 (21 yrs old)

Title

Freehold

Style

2 Level

Exterior Finish

Vinyl

Heating Type

Heat Pump, Baseboard heaters, Electric, Ductless

Cooling

Air Conditioned

Amenities

32in min Doorways, 32in min Entry Doorways, Entry threshold less than ½ inch

Appliances

Dishwasher, Microwave, Stove, Washer/Dryer Combo

Agent details

Primary Agent

Sahej Riar

Primary Broker

RE/MAX Nova (Halifax)

Secondary Agent

Amit Patel

Secondary Broker

RE/MAX Nova (Halifax)

Listing details

Days on REW

6 Days

MLS® Number

202621129

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

9 Schools are within 22km

Ridgecliff Middle School

n/a
6 - 9
In Catchment

Beechville-Lakeside-Timberlea Junior Elementary School

n/a
K - 2
In Catchment

Beechville-Lakeside-Timberlea Senior Elementary School

n/a
3 - 5
In Catchment

Five Bridges Junior High School

n/a
7 - 9
In Catchment

Sir John A. MacDonald High School

n/a
10 - 12
In Catchment

Tantallon Junior Elementary School

n/a
K - 2
In Catchment

Tantallon Senior Elementary School

n/a
3 - 6
In Catchment

St. Margaret's Bay Elementary School

n/a
K - 6
In Catchment

East St. Margaret's Elementary School

n/a
K - 6
In Catchment

1562 St Margarets Bay RoadLakeside, NS, B3T 1A9