Price Reduction
Address
1562 St Margarets Bay Road, Lakeside, NS
Price
$ 564,900
Property Attributes
- MLS#202621129
- TypeSingle Family
- Listing Status ACTIVE
- CityLakeside
- AreaHalifax - Dartmouth
- Neighbourhood40-A
- Postal CodeB3T 1A9
- StyleSingle Family Residence
- Year Built2005
- Price$ 564,900
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2343
- Lot Size0.1722 Acres
Data Source:
Nova Scotia Association of REALTORS® (NSAR)
Property Description
**?? RENTAL INCOME ALERT — $4,875/MONTH!** Welcome to **1562 St Margarets Bay Road**, a beautifully maintained Prestige Homes property in the heart of Lakeside offering an incredible opportunity for homeowners, investors, and house-hackers. The property features a **3-bedroom, 2-bathroom main-level unit** plus a **2-bedroom, 1-bathroom lower-level in-law suite**, generating a combined **$4,875/month in rental income**. The main level offers a renovated living room with wood-burning fireplace, open-concept kitchen and dining area with backyard access, main-level laundry, and a spacious primary ensuite with whirlpool tub. The lower level provides additional living space and income potential. Recent upgrades include a **new roof (2023), three heat pumps (2024), finished basement with electrical upgrades, new appliances, regravelled driveway (2026), and smart Mysa thermostats throughout**. With strong rental income, flexible living arrangements, a private backyard and large deck, this move-in-ready property offers exceptional versatility in a convenient Lakeside location.
| Elementary School | Middle School | High School |
|---|---|---|
| Beechville Lakeside Timberlea Sr Elementary School Elementary School | Ridgecliff Middle School Middle School | Bay View High School High School |
| Price History | |
|---|---|
| 8/20/2026 | Listed $569,900 |
| 9/9/2026 | 1$564,900 |
General Features
| Sewer | Municipal |
|---|---|
| Heating | Baseboard,Fireplace(s),Ductless |
| Utilities | Electric,Cable Connected,Electricity Connected,Phone Connected |
| Possession | Negotiable |
| Roof | Asphalt |
| Zoning | R1 |
| Year Built | 2005 |
| Property Subtype | Single Family Residence |
| Ownership | Freehold |
| County | Halifax |
| New Construction | false |
| Property Type | Residential |
| Garage Y/N | false |
| Full Baths | 3 |
| Status | ACTIVE |
| Directions | On St. Margarets Bay Rd |
| City | Lakeside |
| MLS Area | 40-Timberlea, Prospect, St. Margaret's Bay |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 7501.032 |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| MLS Area Minor | 40-A |
| Structure Type | Detached |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| High School | Bay View High School |
| Elementary School | Beechville Lakeside Timberlea Sr Elementary School |
| Tax Assessed Value | 508100 |
| Middle/Junior High School | Ridgecliff Middle School |
| Construction Materials | Vinyl Siding |
| Stories Count | 2 |
| Virtual Tour | https://youriguide.com/1562_st_margarets_bay_rd_lakeside_ns/ |
| Appliances | Stove,Dishwasher,Washer/Dryer,Microwave |
| Levels | Two |
| Other Structures | Deck |
| Patio/Porch Features | Deck,Patio |
Interior Features
| Interior Amenities | High Speed Internet |
|---|---|
| Basement | Partially Finished,Walk-Out Access |
| Flooring | Carpet,Laminate,Vinyl |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Total Bedrooms | 5 |
| Below Grade Finished Area Unit Type | Square Feet |
| Total Baths | 3 |
Exterior Features
| Parking Features | Gravel |
|---|---|
| Lot Features | Under 0.5 Acres |
| Water Source | Municipal |
| Lot Size Area | 7501.032 |
| Foundation Details | Slab |
| Building Area Total | 2343 |
| Lot Size Acres | 0.1722 |
| Waterfront Y/N | false |
| Other Equipment | No Rental Equipment |
| Road Frontage Type | Public |
| Other Parking | Parking Details(Driveway) |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in B3T 1A9
Price
Year Built
In The Neighbourhood
Just Listed
Timberlea
$ 699,900
58 Longard Drive
Timberlea, NS B3T2E1
- Type
- Single Family
- Size
- 1,524 SqFt
- Rooms
- 3 Beds + 2 Baths
Just Listed
Timberlea
$ 814,900
307 Marketway Lane
Timberlea, NS B3T0K9
- Type
- Single Family
- Size
- 2,319 SqFt
- Rooms
- 3 Beds + 3 Baths
Just Listed
Lewis Lake
$ 749,900
615 Birch Bear Run
Lewis Lake, NS B3Z0B7
- Type
- Single Family
- Size
- 2,016 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Golf Course
Timberlea
$ 525,000
17 Maple Drive
Timberlea, NS B3T1C2
- Type
- Single Family
- Size
- 1,424 SqFt
- Rooms
- 3 Beds + 1 Baths
Upper Tantallon
$ 585,000
183 Tantallon Crescent
Upper Tantallon, NS B3Z1C7
- Type
- Single Family
- Size
- 2,218 SqFt
- Rooms
- 3 Beds + 2 Baths
Lewis Lake
$ 825,000
56 Blackbear Circle
Lewis Lake, NS B3Z0E3
- Type
- Single Family
- Size
- 3,550 SqFt
- Rooms
- 6 Beds + 3.5 Baths
Waterfront
Beechville
$ 1,160,000
1203 St. Margaret's Bay Road
Beechville, NS B3T1A7
- Type
- Single Family
- Size
- 2,501 SqFt
- Rooms
- 5 Beds + 3.5 Baths
Timberlea
$ 399,900
72 Greendale Court
Timberlea, NS B3T1J6
- Type
- Single Family
- Size
- 1,600 SqFt
- Rooms
- 3 Beds + 1.5 Baths
New Construction
Timberlea
$ 889,000
132 Brunello Blvd
Timberlea, NS B3T0J4
- Type
- Single Family
- Size
- 2,319 SqFt
- Rooms
- 3 Beds + 3.5 Baths
New Construction
Timberlea
$ 819,000
162 Brunello Blvd
Timberlea, NS B3T0J4
- Type
- Single Family
- Size
- 1,912 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Open House
Timberlea
$ 529,900
54 Parkdale Avenue
Timberlea, NS B3T1C2
- Type
- Single Family
- Size
- 1,580 SqFt
- Rooms
- 4 Beds + 1.5 Baths
Golf Course
Timberlea
$ 884,900
43 Brunello Boulevard
Timberlea, NS B3T0J3
- Type
- Single Family
- Size
- 2,764 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Reduced
Beechville
$ 509,900
18 States Lane
Beechville, NS B3T2G5
- Type
- Single Family
- Size
- 1,974 SqFt
- Rooms
- 3 Beds + 2.5 Baths
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