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. ***Please note that showings are available during designated times only, due to elderly tenants: Tuesday, Thursday, and Sunday from 11 AM to 1 PM.
From Portland St to Gaston Rd.
Listing Sub-Area:
12-Southdale, Manor Park
Property Type:
Multi-Family
Multi-Family Type:
5 - 8 Unit
Title To Land:
Freehold
Building Dimenions:
38 x 45
Lot Size:
6,042 sq. ft.561 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
6
Year built:
1965
(Age: 60)
Age:
60
# Floors:
2
Exterior Finish:
Brick, Vinyl
Foundation:
Concrete
Basement:
Full, Partially Developed
Floor Finish:
Ceramic, Hardwood
Roof:
Rolled
Heating:
Baseboard, Hot Water
Fuel:
Propane
Parking:
Yes
Parking Description:
Multiple Parking Spots
Driveway:
Parking Spaces(s), Paved
Water Supply:
Municipal
Water And Sewage:
3,687.84
Sewer:
Municipal
Num Units:
6
Num Bachelor Units:
0
Num 1 Bed Units:
1
Num 2 Bed Units:
5
Num 3 Bed Units:
0
Num 4 Bed Units:
0
# Of Dryers:
1
# Of Fridges:
6
# Of Stoves:
6
# Of Washers:
1
Rental Income:
Yes, 67,080
Laundry Income:
900
Approx. Net Income:
34,851.71
Insurance Expense:
3,990.00
Taxes Costs:
6,967.42
Management expense:
11,112.00
Heating Bill:
5,820.15
Electricity Bill:
1,550.88
Approx. Total Expense:
33,128.29
Approx. Total Income:
67,980
Laundry
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping
Data was last updated April 3, 2025 at 05:20 PM (UTC)
Area Statistics
Listings on market:
73
Avg list price:
$1,199,000
Min list price:
$284,000
Max list price:
$6,995,000
Avg days on market:
58
Min days on market:
1
Max days on market:
770
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.