- Status:
- Pending
- Prop. Type:
- Commercial
- MLS® Num:
- 202520638
- Bus Major:
- Office
Prime Lakeside Investment & Development Opportunity Welcome to 1445 & 1453 St. Margarets Bay Road (PID #00347930 & #40816944), offering a combined 28,717 sq. ft. of land in a highly desirable location. The property features a 2,500 sq. ft. building in excellent condition, fully leased to Canada Post on a Net Rent basis—with the tenant covering all operating costs and property taxes. This means stable, hassle-free income from a secure national tenant. Beyond its current income stream, this site offers exceptional development potential. With as-of-right zoning for up to a 30,000 sq. ft building., the C2 zoning permits a wide variety of commercial and residential uses, making it ideal for mixed-use, retail, office, or residential projects. Perfectly positioned just 2 km from Bayers Lake, this lakeside property combines strong existing revenue with incredible future growth potential—an opportunity not to be missed for investors and developers alike.
- St Margarets Bay Road to 1445
- Listing Sub-Area:
- 40-Timberlea, Prospect, St. Margaret's Bay
- Property Type:
- Commercial
- Commercial Type:
- Commercial Retail
- Major Bus Type:
- Office
- Title To Land:
- Freehold
- Year built:
- 1991 (Age: 34)
- Age:
- 34
- Main Living Area:
- 2,412 sq. ft.
- Floor Area:
- 2,412 sq. ft.
- Prop Size:
- 0.5 to 0.99 Acres
- Lot Size:
- 0.66 acre(s)
- Zoning:
- C2
- Construction:
- Block, Concrete
- Parking:
- Yes
- Driveway:
- Paved
- Parking Description:
- Paved
- # Floors:
- 1
- Floor Finish:
- Concrete
- Roof:
- Asphalt Shingle
- Heating:
- Forced Air, Heat Pump -Ductless
- Fuel:
- Electric
- Fire Protection:
- Alarm, Smoke Detector
- Water Supply:
- Municipal
- Utilities:
- Cable, Electrical, Municipal Water, Sewer, Telephone
- Grade Loading, Wheelchair Accessible
- Cleared, Highway Access, Public Transportation, Shopping Nearby, Waterfront, High Traffic Location, Public Parking
- Air Conditioning
- None
- Lake
- Yes
- 228'
- View: Lake
- Rental Income:
- Yes
- Net Income:
- 56,000
- Gross Revenue:
- 77,000
- Total Expenses:
- 21,000
- Business Tax Payer:
- Tenant
- Property Taxes Payer:
- Tenant
- Heating Payer:
- Tenant
- Hydro Payer:
- Tenant
- Water Payer:
- Tenant
- Insurance Payer:
- Owner
- Structural Maintenance Payer:
- Tenant
- Exterior Maintenance Payer:
- Tenant
- Interior Maintenance Payer:
- Tenant
- Lease 1 - Net Rental Area:
- 2412 sqft
- Lease 1 - Expiration Date:
- 06/28/2028
- Lease 1 - Occupant:
- Canada post
- Lease 1 - Rental Rate:
- $19 per sqft
- Possession Info:
- leased
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Listed by Royal LePage Atlantic
Data was last updated September 3, 2025 at 06:30 AM (UTC)
Area Statistics
- Listings on market:
- 95
- Avg list price:
- $499,900
- Min list price:
- $0
- Max list price:
- $5,499,000
- Avg days on market:
- 89
- Min days on market:
- 1
- Max days on market:
- 811
- Avg price per sq.ft.:
- $205.34
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Sandra Chaisson FRI
- Royal LePage Atlantic
- (902) 452-9675
- sandra@sellingmetro.com
SANDRA CHAISSON REALTOR®
84 Chain Lake Dr
Suite 300
Halifax, NS B3S 1A2