37 Gaston Road (MLS® 202621177)

Dartmouth, NS, B2Y 3W2

Summary

MLS ®:
 202621177
Price:
 $1,185,000
Status:
 Active
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® 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!

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