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One of a Kind

Featuring a highly unique combination of private lake frontage, a two-storey home, and a detached commercial building - this 1.4 acre Glen Margaret property is truly a one of a kind. Located half way between Tantallon and Peggy's Cove, the high-visibility roadside commercial building (with ample parking) offers huge potential for office space, retail, a restaurant or a combination thereof. The larger of the two buildings - tucked in behind - greatly adds to the value proposition. Currently configured as an owner-occupied duplex, the dwelling could easily be converted into a five bedroom single-family home or be used as a home plus guest suite or as an income property. The main level includes three spacious bedrooms; a 5 piece master bath with walk-in closet; an eat-in kitchen with walkout patio; a formal dining room; and a living room view of Fraser Lake. Upstairs, the self contained unit has an open concept layout, a vaulted ceiling, a cozy wood stove and a large balcony overlooking the lake. Two additional bedrooms and a spacious den round out the package. All in all, this idyllic property offers numerous opportunities and plenty of income potential!

Asking price 
$449,900  New$357,176 USD* - £274,934 GBP* - €306,787 EUR*
HST - HST over and
Tradewinds ID# - 10304
MLS  # - 201718065
PID# - 40060923
10491 & 1049 Peggy's Cove Road, Glen Margaret, Halifax County
Tim Hoare
Tim Hoare
Tradewinds Associate
C: 902-222-1508
* denotes required fields

Property Information

  • Approx Building Age:
  • 75
  • Dimensions ±:
  • (30'5 x 66'7) + (16' x 29')
  • Living Area:
  • 5564 sq.ft.
  • Bedrooms:
  • 7
  • Baths Full/Half:
  • 4/0
  • Lot Size ±:
  • 1.4 acres
  • Assessment:
  • $327,000 (2017)
  • Taxes:
  • $2,418 ± (2017)
  • Sewer:
  • Septic
  • Water:
  • Drilled Well
  • Zoning:
  • MU-1
  • Heating:
  • Oil/Wood/Baseboard/Hot Water/Radiant
  • Basement:
  • Slab/None/Other
  • Garage/Other:
  • Attached/1.5/Wired/16' x 29'

Rooms - Level & Size

  • Living Room - Main Floor
  • 14'6 x 20'2
  • Kitchen - Main Floor
  • 14'6x18'+Jog
  • Dining Room - Main Floor
  • 10'8x10'9-Jog
  • Foyer - Main Floor
  • 8'6 x 13'6
  • Master Bedroom - Main Floor
  • 11'3x17'3+Jog
  • Ensuite Bath (5pc) - Main Floor
  • 9' x 11'2
  • Dressing Room - Main Floor
  • 5'2 x 12'4
  • Bath (4pc) - Main Floor
  • 7'6 x 8'3
  • Bedroom - Main Floor
  • 10'9x13'3-Jog
  • Bedroom - Main Floor
  • 7'8x12'-Jog
  • Commercial Building - 2nd Level
  • Kitchen  - 2nd Level
  • 12'4x13'4
  • Front Room - 2nd Level
  • 15'4x23'4-Jog
  • Office - 2nd Level
  • 13'6 x 15'4

Extras

Upstairs Unit Measurements *Living Room 12'10x29'5 *Kitchen 7'4 x 14'6 *Dining Nook 7'10 x 8'6 *Den/Office 13'4 x 22'5 *Bath 5'11 x 9'3 (4pc) *Bedroom 10'11 x 21'6 *Bedroom 9'2 x 21'6+Jog

Commercial Building Dimensions *Den 9' x 13'4-Jog *Front Room Ext. 13' x 13'3-Jog *Storage 8' x 9'9 *Storage 9'9 x 13'4 *Master Bedroom/Office 16'6x29'2-Jog

Additional Features

*Lakefront: 70 ft.
*Lake Access
*Lake View

Remarks

The outside dimensions for the commercial building are (30'4 x 38'6) + (14' x 22'10) + (8'2 x 10'1). The detached, wired shed, which was built in 2013, is 12'3 x 22'3, and includes ample storage space in the rafters. The 2017 property tax assessment for the 2 unit dwelling is $312,500 and $14,500 for the commercial building. *HST applicable.


Directions

Highway 103 to Exit 5 (Tantallon). Follow Highway #333 to Glen Margaret. Property is on the left.