**?? 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.
For sale
C$564,900
1562 Saint Margarets Bay Rd, Lakeside, NS B3T 1A9
5beds
2,343sqft
Single Family Residence
Built in 2005
7,501 Square Feet Lot
$-- Zestimate®
C$241/sqft
C$-- HOA
What's special
Main-level laundryPrivate backyardLarge deckNew appliancesSmart mysa thermostats throughout
- 74 days
- 49
- 0
Zillow last checked:
Listing updated:
Listed by:
Sahej Riar,
RE/MAX Nova (Halifax) Brokerage,
Amit Patel,
RE/MAX Nova (Halifax)
Source: NSAR,MLS®#: 202621129
Originating MLS®#: Nova Scotia Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom
- Level: Main
- Area: 94.08
- Dimensions: 9.8 x 9.6
Bedroom 1
- Level: Main
- Area: 124.62
- Dimensions: 13.4 x 9.3
Bedroom 2
- Level: Lower
- Area: 129.69
- Dimensions: 13.1 x 9.9
Bedroom 3
- Level: Lower
- Area: 134.16
- Dimensions: 12.9 x 10.4
Bathroom
- Level: Main
- Area: 61.75
- Dimensions: 6.5 x 9.5
Bathroom 1
- Level: Main
- Area: 45.76
- Dimensions: 8.8 x 5.2
Bathroom 2
- Level: Lower
- Area: 56.12
- Dimensions: 6.1 x 9.2
Dining room
- Level: Main
- Area: 139.5
- Dimensions: 15 x 9.3
Kitchen
- Level: Main
- Area: 121.03
- Dimensions: 13.3 x 9.1
Living room
- Level: Main
- Area: 213.12
- Dimensions: 14.8 x 14.4
Heating
- Baseboard, Fireplace(s), Heat Pump -Ductless
Appliances
- Included: Stove, Dishwasher, Washer/Dryer, Microwave
- Laundry: Laundry Room
Features
- High Speed Internet, Master Downstairs
- Flooring: Carpet, Laminate, Vinyl
- Basement: Partially Finished,Walk-Out Access
- Has fireplace: Yes
Interior area
- Total structure area: 2,343
- Total interior livable area: 2,343 sqft
- Finished area above ground: 1,216
Video & virtual tour
Property
Parking
- Parking features: Gravel
- Has uncovered spaces: Yes
- Details: Parking Details(Driveway)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
Lot
- Size: 7,501 Square Feet
- Features: Under 0.5 Acres
Details
- Parcel number: 40050866
- Zoning: R1
- Other equipment: No Rental Equipment
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Municipal
- Water: Municipal
- Utilities for property: Cable Connected, Electricity Connected, Phone Connected, Electric
Community & HOA
Location
- Region: Lakeside
Financial & listing details
- Price per square foot: C$241/sqft
- Tax assessed value: C$508,100
- Price range: C$564.9K - C$564.9K
- Date on market: 8/20/2026
- Ownership: Freehold
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Price change | C$564,900-0.9%C$241/sqft |
Source: | ||
| 8/20/2026 | Listed for sale | C$569,900C$243/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2019 | -- | C$224,400 |
Climate risks
Neighborhood: B3T
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
Schools provided by the listing agent
- Elementary: Beechville Lakeside Timberlea Sr Elementary School
- Middle: Ridgecliff Middle School
- High: Bay View High School
Source: NSAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




