5-12+ Units - Multi-Unit Investments
37 Gaston Road
12-Southdale, Manor Park
Dartmouth
B2Y 3W2
$1,115,000
Multi-Family
built: 1965
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202505983
- Year Built:
- 1965
- Photos (36)
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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
- Stove, Dryer, Washer, Refrigerator
- Propane Tank
- None
- No
- 37 Gaston Rd Lot 4 Dartmouth Apartment
- Assessment:
- 1162600.0
- Assessment Year:
- 2005
- Zoning:
- R-2
- Possession Info:
- Negotiable
- Elementary School:
- Dartmouth South Academy
- French Imm Elementary School:
- Shannon Park Elementary School
- French Imm High School:
- Dartmouth High School
- French Imm Middle School:
- Dartmouth South Academy
- High School:
- Dartmouth High School
- Middle School:
- Dartmouth High School
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Photo 1 of 36
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Photo 2 of 36
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Photo 3 of 36
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Doorway of 2bedroom Unit
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Living Room
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Living Room
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Dining Area
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Dining Area
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Dining Area
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Hallway
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Kitchen
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Kitchen
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Kitchen
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Kitchen
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Bathroom
-
Bedroom
-
Bedroom
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Front entry of another 2bdrm Unit
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Living Room
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Office
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Dining Area
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Dining Area
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Kitchen
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Kitchen
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Bedroom
-
Bathroom
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2nd Bedroom
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Laundry Room
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Utility Room
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Photo 30 of 36
-
Yard
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Aerial View
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Aerial View
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Aerial View
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Aerial View
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Aerial View
Larger map options:
Listed by Coldwell Banker Maritime Realty
Data was last updated March 31, 2025 at 11:20 AM (UTC)
Area Statistics
- Listings on market:
- 76
- Avg list price:
- $1,199,450
- Min list price:
- $284,000
- Max list price:
- $7,500,000
- Avg days on market:
- 60
- Min days on market:
- 4
- Max days on market:
- 767
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations.
- Angela Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 9022927826
- Angela@LeamanRE.ca
- Trish Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 902-452-6023
- Trish@LeamanRE.ca