Embrace a truly remarkable development opportunity nestled in the heart of Halifax! This expansive property currently hosts a historic gem known as “Craigmore”. Now with an approved Development Agreement in place, this property is primed for exciting possibilities of expansion and/or subdivision. It's worth noting that this development agreement was submitted prior to the Housing Accelerator zoning changes, potentially opening avenues for additional density should a purchaser wish to explore further opportunities. This agreement permits the subdivision of the property into five lots, with the right to constructing a luxurious duplex, along with a sizeable three-unit townhome and add an extra unit by converting the existing detached garage. This provides an investor a piece of mind with an “as of right”, but still welcomes their creativity to determine the highest and best use to suit their portfolio. In 1908, Margaret MacDonald bought two lots on St. Margaret's Bay Road in North West Arm and built a house where she lived until her death in 1938. Victoria and Daniel Scouler purchased Craigmore in 1938. Daniel was a prominent figure in Halifax's shipping industry, serving as superintendent of the Halifax Shipyards for 39 years. Craigmore, meaning "solid rock" in Gaelic, is inscribed on a bronze plaque at the entrance. The house features Arts and Crafts/Cottage architecture and is utilized as a legal duplex with over/under flats, Craigmore radiates prestige, with mature gardens, stone walls, and enchanting walkways adding to its allure. Lots of opportunity here for all investor classes.
From Quinpool Rd - take roundabout, 3rd exit: St Margaret's Bay Rd, then an immediate right onto #175. From Hwy 102 - take Joe Howe to roundabout, take first exit: St Margaret's Bay Rd, then an immediate right onto #175. You can also take Finch Lane to access additional parking on parking pad at rear of property.
Listing Sub-Area:
8-Armdale/Purcell's Cove/Herring
Property Type:
Multi-Family
Multi-Family Type:
Other
Title To Land:
Freehold
Building Dimenions:
43x37, Garage20x19 + Greenhouse
Outside Dimenions:
43x37, Garage20x19 + Greenhouse
Lot Size:
0.749 acre(s)0.3 hectare(s)
Prop Size:
0.5 to 0.99 Acres
# of Rental Units / Occupied:
2
Year built:
1908
(Age: 117)
Age:
117
# Floors:
3
Exterior Finish:
Wood Shingles
Foundation:
Block, Concrete
New Constr.:
No
Basement:
Fully Developed
Floor Finish:
Carpet, Hardwood, Tile
Roof:
Metal
Heating:
Fireplace, Furnace, Heat Pump -Ductless, Hot Water, Radiator
Fuel:
Electric, Oil, Wood
Garage Description:
Detached, Double, Wired
Parking:
Yes
Parking Description:
Long Driveway & Parking Pad
Driveway:
Interlocking, Multiple Driveways, Parking Spaces(s), Paved, Other
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
2
Num 1 Bed Units:
1
Num 2 Bed Units:
1
# Of Fridges:
2
# Of Stoves:
2
Rental Income:
Yes
Air Conditioning, Cable, Dining Room, Ensuite Bath, Family Room, Fireplace(s), Laundry, Power, Secondary Suite, See Remarks, Storage, Telephone
Standard Appliances, All Exterior Structures
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship
Data was last updated February 6, 2025 at 11:20 AM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$1,047,450
Min list price:
$379,900
Max list price:
$7,500,000
Avg days on market:
40
Min days on market:
2
Max days on market:
714
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.