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:
Vacant Land
Land Type:
Vacant Lot(s)
Title To Land:
Freehold
Prop Size:
0.5 to 0.99 Acres
Lot Size:
0.749 acre(s)0.3 hectare(s)
Zoning:
R2
Water Supply:
Municipal
Sewer:
Municipal
Utilities:
Cable, Electricity, High Speed Internet, Natural Gas, Telephone, Other
Data was last updated February 7, 2025 at 07:20 PM (UTC)
Area Statistics
Listings on market:
439
Avg list price:
$130,000
Min list price:
$9,000
Max list price:
$5,000,000
Avg days on market:
137
Min days on market:
1
Max days on market:
1,863
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.