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This $1.2M Fixer Upper in Peggy’s Cove is Full of Potential

House for sale by the ocean in Peggy's Cove, Halifax

Have you ever wanted to live next to one of Canada’s historic landmarks? If so, you’re in luck! Neighbouring the iconic Peggy’s Cove lighthouse sits a three-bedroom and one-bathroom home ready to be snatched up.

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Hitting the market early last week, this charming fixer-upper gives the unique opportunity to live in a small seaside community next to one of the East Coast’s most iconic tourist attractions.

If you’ve checked out the going rate for detached homes in Vancouver, B.C, you know how extremely expensive it can get – especially living by the ocean. Surprisingly enough, this home is listed at $1.2M. Seems like a steal, right? Well, there’s a catch.

Related: Nature Lovers Will Adore This $18M Invisible House in Joshua Tree

Green painted room in home for sale in Peggy's Cove

Live by a Lighthouse

The home is a fixer-upper and by no stretch an easy one. Based on the listing photos, the property looks like it’s seen better days.

Peeling paint, damaged flooring and broken fixtures are just a few of the unique qualities of this property. On the other hand, those views of the Atlantic Ocean are priceless.

Related: 10 Incredibly Cheap Homes for Sale on the East Coast

Homes by the ocean in Halifax

More About This Peggy’s Cove Real Estate Opportunity

  • Address: 173 Peggy’s Point Road, Peggy’s Cove, NS
  • Bedrooms: 3
  • Bathrooms: 1
  • Size: 1,732 square-feet
  • Price: $1,200,000
  • Listed by: Timothy Harris, Engel & Völkers (Chester)

As the listing states, “This is an ideal location for a home, a Bed and Breakfast, a restaurant or a business catering to the thousands of tourists that visit annually. Currently zoned residential, an entrepreneur would need to apply for a zoning change to commercial.”

Related: The 10 Best Canadian Home Decor Stores in the Maritimes

A fixer upper in Halifax, Nova Scotia

Income Potential in Peggy’s Cove

If or when you’re able to receive a zoning change, this would be an incredible income property. After all, Peggy’s Cove welcomes over 700,000 annual visitors a year, according to the government of Nova Scotia. Once it’s renovated, there’s so much potential if you were to list it on Airbnb!

And if you simply want to make this Maritimes paradise your primary residence, you’ll become part of a tight-knit village. Approximately just 35 people live in Peggy’s Cove year-round.

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Interested in moving out East? Learn why this Ontario family says moving to Nova Scotia was one of the best decisions their family has ever made.

Images courtesy of Timothy Harris. 



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