37 Gaston Road (MLS® 202505983)

Dartmouth, NS, B2Y 3W2

Summary

MLS ®:
 202505983
Price:
 $1,115,000
Status:
 Pending
District:
 12
Zoning:
 R-2
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 67,980
Approx. Net Income:
 34,851.71
Laundry Income:
 900
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 33,128.29
Management Expense:
 11,112.00
Water & Sewage Expense:
 3,687.84
Insurance Expense:
 3,990.00
Tax Costs:
 6,967.42
Electricity Bill:
 1,550.88
Heating Bill:
 5,820.15
Expense Details:
Call 902-499-7886

Property Overview

37 Gaston Road, Dartmouth (MLS® 202505983): Welcome to 37 Gaston Road! This fantastic 6-unit building (featuring five 2-bedroom units and one 1-bedroom unit) presents an incredible investment opportunity. Thoughtfully updated over the last four years, the property boasts modern improvements that ensure both integrity and efficiency. From brand-new windows, a recently replaced roof, to a top-of-the-line propane heating system, bathtubs, paint, brick repointing, secure front door with an intercom system, and so much more -every major detail has been taken care of. With rents currently well below market value, this property offers tremendous upside potential (3 long term tenants likely leaving soon due to health reasons). Investors have the added opportunity to enhance the value even further with cosmetic upgrades. Additionally, the 1-bedroom unit has the potential to be converted into a 2-bedroom, increasing the total number of bedrooms while further maximizing rental income. Installing in-unit laundry could further boost returns, though tenants already enjoy the convenience of on-site coin-operated laundry. Located on major transit routes, 37 Gaston Road is just minutes from key amenities. Downtown Dartmouth, hospitals, grocery stores, pharmacies, and NSCC College are all within easy reach, making it a highly desirable location for tenants. Don't miss out on this fantastic opportunity to secure a solid investment with endless potential.

Listing Courtesy of: Coldwell Banker Maritime Realty

Directions

From Portland St to Gaston Rd.

Building Specs.

Building Age:
60
Building Dimensions:
38 x 45
Foundation Type:
Concrete
Roof Material:
Rolled
Exterior Finish:
Brick, Vinyl
Flooring Type:
Ceramic, Hardwood
Heating & Cooling:
Baseboard, Hot Water
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Multiple Parking Spots
Driveway/Parking:
Parking Spaces(s), Paved

Features

Laundry

Community Features

Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping

Schools

Elem. School: Dartmouth South Academy
Elem. School (French Imm.): Shannon Park Elementary School
Mid. School: Dartmouth High School
Mid. School (French Imm.): Dartmouth South Academy
High School: Dartmouth High School
High School (French Imm.): Dartmouth High School

Rental Equipment

Propane Tank

Map

Contact Agent