2-4 Unit - Multi-Units Investments

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37 Martin Lake Drive
31-Lawrencetown, Lake Echo, Porters Lake Lake Echo B3E 1B3

$1,100,000
Multi-Family built: 1972

Front
Photo 1: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 2: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 3: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 4: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 5: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 6: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 7: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 8: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 9: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 10: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 11: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 12: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 13: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 14: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 15: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 16: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 17: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 18: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 19: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 20: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 21: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 22: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 23: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 24: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 25: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 26: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 27: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 28: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 29: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 30: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 31: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 32: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 33: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 34: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Photo 35: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202616349
Year Built:
1972
RARE OPPORTUNITY. Investment opportunities like this are seldom available in Lake Echo. One of the few four-unit apartment buildings in the area, this fully occupied property offers immediate rental income with a 5.1% cap rate in a market where demand for quality rental housing remains strong. The well-maintained building features four two-bedroom apartments, a common laundry room, well and septic, and a newly constructed four-unit storage building (2025), adding both tenant convenience and long-term value. With happy, established tenants already in place, investors can step into a stable, income-producing asset from day one. Significant capital improvements have already been completed, reducing the risk of costly deferred maintenance for the next owner. Major investments include an Eco-Flow septic system, drainage management system, well pump, pressure tank, commercial laundry equipment, renovated bathrooms, and numerous other infrastructure upgrades completed over the past several years. Rather than inheriting a list of major projects, the next owner can focus on operating and growing the investment with confidence. Located in one of the Halifax area's most sought-after bedroom communities, Lake Echo continues to attract families and professionals seeking a quieter, cottage-country lifestyle within commuting distance of the city. Its combination of natural surroundings with lakes and outdoor activities, public transit, nearby amenities, and easy access to downtown Halifax and the airport supports strong tenant demand, helping minimize vacancy risk and making this a compelling addition to any investment portfolio. Full financials and list of upgrades and maintenance since 2022 available.
Highway 107 to exit 18, right on Hwy 7 left on Martin Lake Drive, property is on the right.
Listing Sub-Area:
31-Lawrencetown, Lake Echo, Porters Lake
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
52.4 x 33.4
Outside Dimenions:
52'4" x 33'4"
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
4
Year built:
1972 (Age: 54)
Age:
54
# Floors:
2
Exterior Finish:
Stucco, Vinyl
Foundation:
Slab
Basement:
None
Floor Finish:
Laminate
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Oil
Garage Description:
8 spaces
Parking:
Yes
Parking Description:
Gravel, multiple spaces
Driveway:
Gravel, Parking Spaces(s)
Water Supply:
Drilled Well
Sewer:
Septic
Num Units:
4
Num 4 Bed Units:
4
# Of Dryers:
1
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
1
Rental Income:
Yes, 78990.
Approx. Net Income:
56,111.13
Insurance Expense:
2897.30
Taxes Costs:
6605.74
Other Costs:
2038.20
Maintenace:
1200.0
Heating Bill:
9473.02
Electricity Bill:
1864.52
Approx. Total Expense:
22878.87
Approx. Total Income:
$78,990.00
Balcony, Laundry, Locker, See Remarks, Storage
4 fridges, 4 stoves, 1 commercial washing machine, 1 commercial dryer, lawn mower, salt spreader
Beach, Park, Playground, Public Transit, Recreation Center, School Bus Service, Place of Worship
Stove, Dryer, Washer, Refrigerator
Furnace
Shed
No
Zoning:
R-1
Possession Info:
Negotiable
Elementary School:
Bell Park Academic Centre
High School:
Auburn Drive High School
Middle School:
Graham Creighton Junior High School
Listed Date:
Days on Mkt:
  • Photo 1: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Front
  • Photo 2: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Aerial
  • Photo 3: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Front
  • Photo 4: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Side/back of building
  • Photo 5: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Front of building
  • Photo 6: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Storage Building
  • Photo 7: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Birdseye
  • Photo 8: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 floor plan
  • Photo 9: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 3 deck
  • Photo 10: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 3 deck
  • Photo 11: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 3 foyer
  • Photo 12: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Hallway
  • Photo 13: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 3 kitchen
  • Photo 14: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 3 kitchen
  • Photo 15: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 3 living room
  • Photo 16: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 3 living room
  • Photo 17: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 3 bedroom
  • Photo 18: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 3 bedroom
  • Photo 19: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 3 bathroom
  • Photo 20: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Back of building showing Unit 4 balcony
  • Photo 21: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 foyer
  • Photo 22: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 kitchen
  • Photo 23: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 kitchen
  • Photo 24: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 living room
  • Photo 25: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 living room
  • Photo 26: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 bedroom
  • Photo 27: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 bedroom
  • Photo 28: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 bedroom
  • Photo 29: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 back door
  • Photo 30: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Unit 2 bathroom
  • Photo 31: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Common area laundry room
  • Photo 32: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Exterior
  • Photo 33: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Side yard
  • Photo 34: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Aerial
  • Photo 35: 37 Martin Lake Drive in Lake Echo: 31-Lawrencetown, Lake Echo, Porters Lake Multi-Family for sale (Halifax-Dartmouth)  : MLS®# 202616349
    Aerial
Listed by RE/MAX Nova (Halifax)
Data was last updated July 3, 2026 at 01:20 AM (UTC)
Area Statistics
Listings on market:
119
Avg list price:
$825,000
Min list price:
$275,000
Max list price:
$6,595,000
Avg days on market:
57
Min days on market:
1
Max days on market:
619
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