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!
Dwelling Details
Num Stories
2
Commercial Space
No
Year Built (approx)
1966
Heating
Baseboard,Hot Water
Fuel Type
Propane
Foundation
Concrete
Basement
Full,Partially Developed
Exterior
Brick,Vinyl
Dimensions
38 X 45
Roof
Rolled
Flooring
Ceramic,Hardwood
Appliances
Stove,Dryer,Washer,Refrigerator
Building Feat
Laundry
Rental Equip
Propane Tank
Land Details
Migrated
Yes
Approx Num Acres
0
Title To Land
Freehold
PID#
00221424
Legal Desc
37 Gaston Rd Lot 4 Dartmouth Apartment
Community Feat
Park,Playground,Public Transit,Recreation Center,School Bus Service,Shopping
County
Halifax
Postal Code
B2Y 3W2
Directions
From Portland St To Gaston Rd.
Parking/Garage Details
Garage
No
Garage Details
Driveway
Parking Spaces(s),Paved
Parking Y/N
Yes
Parking Details
(Multiple Parking Spots)
RENTAL UNITS & APPLIANCES
Bach Units
0
1 Bedrm Units
1
2 Bedrm Units
5
3 Bedrm Units
0
4 Bedrm Units
0
Units Occupied
6
Stoves
6
Fridges
6
Dishwashers
0
Microwaves
0
Washers
1
Dryers
1
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