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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!

Overview

Property Status
For Sale
Lot Size
6,041.77 Sq.Ft.
MLS ID
202621177
Property Type
Multi-Family
Year Built
1966

Features & Amenities

Neighborhood
Dartmouth
Stories
2
Water Source
Municipal
Utilities
Propane
Roof
Rolled/Hot Mop
Lot Features
Under 05 Acres
Parking
Parking Spaces(s), Paved
Heat Type
Baseboard, Hot Water
Laundry Room
Laundry
Appliances
Stove, Dryer, Washer, Refrigerator
Sewer
Municipal
Substructure
Concrete Perimeter
Elementary School
Dartmouth South Academy
Middle School
Dartmouth High School
High School
Dartmouth High School
Sales Price
$1,185,000
Zoning
R-2

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37 Gaston Road

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for your interest in 37 Gaston Road, Dartmouth, NS B2Y 3W2, CA

37 Gaston Road
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37 Gaston Road

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