NS
Halifax
Dartmouth
B2Y 3W2
37 Gaston Road
37 Gaston Road, Dartmouth, NS B2Y 3W2
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Listing Type
Multi Family
Listing Status
Active
37
$1,185,000

Home Details for 37 Gaston Road

Price
$1,185,000
Type
Residential Income
Bedrooms
11
Year built
1966
Lot size acres
0.1387
County
Halifax
Basement
Full, Partially Finished
Days on site
5
MLS Listing#
202621177
Property Description

Welcome to 37 Gaston Road, a well-maintained 6-unit investment property offering a compelling combination of stable income, recent capital improvements, and significant future upside. The building is comprised of five 2-bedroom units and one 1-bedroom unit, with substantial upgrades completed over the past five years, including new windows, a recently replaced roof, an efficient propane heating system, updated bathtubs, interior paint, brick repointing, sewer lateral, a secure front entrance with intercom system, and much more. A major advantage for the next owner is the property's intentional vacancy strategy. Two units are currently vacant, with a third vacancy anticipated, providing an incoming investor with the flexibility to complete cosmetic or leasehold improvements and establish new tenancies at current market rents, subject to applicable regulations. With the remaining occupied units currently rented below market levels, there is meaningful potential to improve overall revenue over time. Additional value-add opportunities include updating unit interiors, installing in-suite laundry, and potentially reconfiguring the existing 1-bedroom unit into a 2-bedroom layout to increase both bedroom count and rental potential. Tenants currently benefit from convenient on-site coin-operated laundry. Located along major transit routes and just minutes from Downtown Dartmouth, NSCC, hospitals, grocery stores, pharmacies, and everyday amenities, 37 Gaston Road offers the accessibility tenants look for and the income-growth potential investors seek. If you are looking for a solid multi-unit asset with major improvements already completed, strategically created vacancies, and multiple avenues to increase future income and value - this is it!

Property Features
  • Heating Information
    • Baseboard
    • Hot Water
  • Basement
    • Full
    • Partially Finished
  • Water Features
    • Public
  • Utilities
    • Propane
  • Parking
    • Paved
School Information
School Information for 37 Gaston Road, Dartmouth, NS B2Y 3W2
Elementary School
Dartmouth South Academy
Middle School
Dartmouth High School
High School
Dartmouth High School
Listing Courtesy: Coldwell Banker Maritime Realty
NSAR IDX Reciprocity listings are displayed in accordance with NSAR's IDX Agreements and property information is provided under copyright © by the Nova Scotia Association of REALTORS® The above information is from sources deemed reliable but it should not be relied upon without independent verification.
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Nova Scotia AOR.
EXIT REALTY INTER LAKE
271 North Street, Bridgewater, NS B4V 2V7
Office
902 543 7642
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