1988 St. Margaret's Bay Road

Timberlea · MLS® 202624669

0 sq ft lot · Land · Vacant Land · 24 days on market

listed by Doug Hubley, RE/MAX Nova (Halifax)

realtor's description

Prime Timberlea Development Opportunity 5 Units Permitted This 7,635 sq. ft. lot at 1988 St. Margarets Bay Road, Timberlea, offers an exceptional residential development opportunity. With 60 feet of frontage, HRM has confirmed that five residential units may be developed on the property. A design is available if required, providing a valuable head start for developers looking to move forward with a multi-unit residential project. Ideally located just steps from the Rails to Trails, close to Brunello Golf Course and the new Mayflower Curling Club, the property combines strong development potential with access to recreation and community amenities. Bayers Lake is only minutes away, while downtown Halifax is approximately 15 minutes by car. Whether you're a seasoned developer or an investor looking for your next project, this is an opportunity worth exploring. With five units permitted and design plans available, you can move quickly on a property with significant potential. Opportunities like this in a growing Timberlea location don't come along often.

property details

type: Land, Vacant Land
lot: 0 sq ft
parking: 0
days on market: 24
MLS®: 202624669

monthly cost

$1,521/mo

Mortgage $1,521

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$1,521/ monthly

loan $279,200

25-year amortization

down payment20% · $69,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $176,968
cash to close: $69,800; down payment; transfer tax and fees not included
total paid: $456,168

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.