5-12+ Units - Multi-Unit Investments
37 Gaston Road
12-Southdale, Manor Park
Dartmouth
B2Y 3W2
$1,185,000
Multi-Family
built: 1966
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202621177
- Year Built:
- 1966
- Photos (37)
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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!
- 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:
- 1966 (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 4 of 37
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Doorway of 2bedroom Unit
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Photo 6 of 37
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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
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Bedroom
-
Bedroom
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Front entry of another 2bdrm Unit
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Photo 20 of 37
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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
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Bathroom
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2nd Bedroom
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Laundry Room
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Utility Room
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Larger map options:
Listed by Coldwell Banker Maritime Realty
Data was last updated August 22, 2026 at 06:30 AM (UTC)
Area Statistics
- Listings on market:
- 116
- Avg list price:
- $804,900
- Min list price:
- $349,900
- Max list price:
- $6,595,000
- Avg days on market:
- 68
- Min days on market:
- 2
- Max days on market:
- 670
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- Angela Leaman
- KELLER WILLIAMS SELECT REALTY - 14094
- 9022927826
- Angela@LeamanRE.ca

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