Office Listings
1562 St Margarets Bay Road
40-Timberlea, Prospect, St. Margaret's Bay
Lakeside
B3T 1A9
$564,900
Residential
beds: 5
baths: 3.0
2,343 sq. ft.
built: 2005
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 202621129
- Bedrooms:
- 5
- Bathrooms:
- 3
- Year Built:
- 2005
- Photos (50)
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**?? 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.
- On St. Margarets Bay Rd
- Listing Sub-Area:
- 40-Timberlea, Prospect, St. Margaret's Bay
- Property Type:
- Residential
- Residential Type:
- Single Family
- Residential Style:
- Detached
- Title To Land:
- Freehold
- Home Style:
- 2 Level
- Exterior Finish:
- Vinyl
- Year built:
- 2005 (Age: 21)
- Age:
- 21
- Bedrooms:
- 5
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 2
- Full Bathrooms:
- 3
- Half Bathrooms:
- 0
- Main Living Area:
- 1,216 sq. ft.113 m2
- Floor Area:
- 2,343 sq. ft.218 m2
- Building Dimenions:
- 2343.29
- Prop Size:
- Under 0.5 Acres
- Lot Size:
- 7,501 sq. ft.697 m2
- Zoning:
- R1
- Water Supply:
- Municipal
- Sewer:
- Municipal
- Foundation:
- Slab
- Floor Finish:
- Carpet, Laminate, Vinyl
- Roof:
- Asphalt Shingle
- New Constr.:
- No
- Basement:
- Partially Developed, Walkout
- Heating:
- Baseboard, Fireplace, Heat Pump -Ductless
- Fuel:
- Electric
- Utilities:
- Cable, Electricity, High Speed Internet, Telephone
- Parking Description:
- Driveway
- Driveway:
- Gravel
- Floor
- Type
- Size
- Other
- Main Floor
- Living Room
- 14'10"4.51 m × 14'5"4.39 m
- Main Floor
- Dining Room
- 15'4.57 m × 9'4"2.83 m
- Main Floor
- Kitchen
- 13'4"4.05 m × 9'1"2.77 m
- Main Floor
- Laundry
- 9'6"2.90 m × 6'2"1.89 m
- Main Floor
- Primary Bedroom
- 13'4"4.05 m × 13'3.96 m
- Main Floor
- Bedroom
- 9'10"2.99 m × 9'7"2.93 m
- Main Floor
- Bedroom
- 13'5"4.08 m × 9'4"2.83 m
- Lower Level
- Mud Room
- 9'1"2.77 m × 5'1"1.56 m
- Lower Level
- Storage
- 19'1"5.82 m × 9'2"2.80 m
- Lower Level
- Rec Room
- 12'8"3.87 m × 9'7"2.93 m
- Lower Level
- Kitchen
- 12'8"3.87 m × 11'10"3.60 m
- Lower Level
- Bedroom
- 13'1"3.99 m × 9'11"3.02 m
- Lower Level
- Bedroom
- 12'11"3.93 m × 10'5"3.17 m
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- Yes
- -
- 6'6" x 9'6"
- Main Floor
- No
- -
- 8'10" x 5'2"
- Lower Level
- No
- -
- 6'1" x 9'2"
- Deck, Patio
- None
- Stove, Dishwasher, Washer/Dryer Combo, Microwave
- No
- Assessment:
- 508100.0
- Assessment Year:
- 2026
- Rental Income:
- Potential
- Possession Info:
- Negotiable
- Elementary School:
- Beechville Lakeside Timberlea Sr Elementary School
- Middle School:
- Ridgecliff Middle School
- High School:
- Bay View High School
- French Imm Elementary School:
- Beechville Lakeside Timberlea Sr Elementary School
- French Imm Middle School:
- Ridgecliff Middle School
- French Imm High School:
- Bay View High School
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Larger map options:
Listed by RE/MAX Nova (Halifax)
Data was last updated October 8, 2026 at 07:20 AM (UTC)
Area Statistics
- Listings on market:
- 166
- Avg list price:
- $732,450
- Min list price:
- $199,900
- Max list price:
- $3,595,000
- Avg days on market:
- 58
- Min days on market:
- 2
- Max days on market:
- 468
- Avg price per sq.ft.:
- $327.94
These statistics are generated based on the current listing's property type
and located in
40-Timberlea, Prospect, St. Margaret's Bay. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- CHUCK GROOCOCK
- RE/MAX NOVA
- 1 (902) 233-5834
- Contact by Email







