For Sale: 173 St Margaret's Bay Road, Halifax, NS

About this home

Positioned on a generous parcel along sought-after St. Margaret’s Bay Road, this rare offering presents a compelling blend of immediate income, approved development potential, and long-term upside. The historic residence known as “Craigmore” sits on a property now supported by an approved Development Agreement, enabling subdivision into five distinct lots and the construction of a luxury duplex, a substantial three-unit townhome, plus the opportunity to add an additional unit by converting the existing detached garage. Importantly, the Development Agreement predates the Housing Accelerator zoning changes, offering prospective purchasers the potential to explore enhanced density options as planning policies evolve. The existing structure is a legal over-under duplex with established tenants, providing stable holding income while future plans are realized. Steeped in local history, Craigmore was originally built in 1908 and reflects classic Arts & Crafts / Cottage architectural influences. Mature landscaped grounds, stone walls, and winding garden pathways contribute to the property’s timeless character and enduring curb appeal. A bronze plaque at the entrance commemorates its Gaelic name, meaning “solid rock,” a fitting tribute to both its heritage and its enduring presence within the North West Arm community. This is a rare opportunity to secure a strategically located development site with approved entitlements, current revenue, and meaningful future potential. Ideal for investors, builders, or developers seeking to create a signature residential enclave in one of Halifax’s most desirable corridors.

Listing courtesy of Engel & Volkers

Listed by: Christopher Harding (Chris), Engel & Volkers

Home facts and features

Price details

List Price

$2,899,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Driveway, Paved

Property Type

Land/Lot

Lot Size

32644 ft²

Exterior Finish

Heating Type

Agent details

Primary Agent

Christopher Harding (Chris)

Primary Broker

Engel & Volkers

Listing details

Days on REW

73 Days

MLS® Number

202605687

Source

Engel & Völkers

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 166km

Riverside Consolidated School

n/a
K - 5
In Catchment

Marshview Middle School

n/a
5 - 8
In Catchment

Salem Elementary School

n/a
K - 4
In Catchment

Sackville Christian Academy

n/a
K - 12
In Catchment

Tantramar Regional High School

n/a
9 - 12
In Catchment

Dorchester Consolidated School

n/a
K - 8
In Catchment

Port Elgin Regional School

n/a
K - 8
In Catchment

Caledonia Regional High School

n/a
6 - 12
In Catchment

Hillsborough Elementary School

n/a
K - 5
In Catchment

École Abbey-Landry

n/a
K - 8
In Catchment

173 St Margaret's Bay RoadHalifax, NS, B3N 1K8