37 Gaston Road, Dartmouth, NS B2Y 3W2
- $1,185,000
- 11
- BD
- List Price
- $1,185,000
- Status
- ACTIVE
- MLS#
- 202621177
- Bedrooms
- 11
- Lot Size (Acres)
- 0.13870000000000002
- Year Built
- 1966
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!
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Additional Information
- Area
- Halifax - Dartmouth
- Foundation
- Concrete Perimeter
- Stories
- 2
- Community Features
- Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Shopping
- Basement
- Full, Partially Finished
- Appliances
- Stove, Dryer, Washer, Refrigerator
- Flooring
- Ceramic Tile, Hardwood
- Exterior Finish
- Brick, Vinyl Siding
- Parking Features
- Parking Spaces(s), Paved
- Roof
- Rolled/Hot Mop
- Utilities
- Propane
- Water Source
- Municipal
- Sewer
- Municipal
- Elementary School
- Dartmouth South Academy
- Middle School
- Dartmouth High School
- High School
- Dartmouth High School
- Appliances
- Stove, Dryer, Washer, Refrigerator
- Zoning
- R-2
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Listing courtesy of Coldwell Banker Maritime Realty.