37 Gaston Road, Dartmouth, NS (MLS® 202621177) Multi Family For Sale

37 Gaston Road, Dartmouth, NS, B2Y 3W2
MLS® # 202621177


$1,185,000

37 Gaston Road, Dartmouth, NS (MLS® 202621177): 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!

Directions to 37 Gaston Road, Dartmouth, NS (MLS® 202621177): From Portland St to Gaston Rd.

Listing Courtesy of: Coldwell Banker Maritime Realty

Features

Community Features


Schools

TypeName
Elementary SchoolDartmouth South Academy
Middle SchoolDartmouth High School
High SchoolDartmouth High School
Elementary School (Fr. Imm.)Shannon Park Elementary School
Middle School (Fr. Imm.)Dartmouth South Academy
High School (Fr. Imm.)Dartmouth High School

Demographics for 37 Gaston Road, Dartmouth, NS (MLS® 202621177)

Census Year: 2016

12090406
  • Subdivision Name: Halifax
  • Population Count: 1,071
  • Private Dwellings Count: 512
  • Land Area: 0.42 Km2