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Ted Misztela

tadvesz@icloud.com +1(902) 489-4559

Listed by Ian Smith • Coldwell Banker Maritime Realty

$1,185,000

Est. payment - /mo

11 Beds

6,041 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202621177

Bedrooms 11

HOA Y/N No

Year Built 1966

Lot Size 6,041 Sqft

Acres 0.1387

Property Sub-Type Multi Family

Source Nova Scotia

Property Description

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!

Location

Province NS

County Halifax

Area 12-Southdale, Manor Park

Zoning R-2

Region Halifax - Dartmouth

City Region Halifax - Dartmouth

Rooms

Basement Full, Partially Finished

Bedroom 2 6, 967.42

Dining Room 67, 980

Kitchen 3, 990.00

Interior

Heating Baseboard, Hot Water

Flooring Ceramic Tile, Hardwood

Equipment Fuel Tank(s)

Fireplace No

Appliance Stove, Dryer, Washer, Refrigerator

Laundry Laundry

Basement Type Full,Partially Finished

Exterior

Community Features Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Shopping

Utilities Available Propane

View Y/N No

Roof Type Rolled/Hot Mop

Garage No

Private Pool No

Parking Type Parking Spaces(s),Paved

Building

Lot Description Under 0.5 Acres

Story 2

Foundation Concrete Perimeter

Sewer Municipal

Water Municipal

New Construction No

Schools

Elementary Schools Dartmouth South Academy

Middle Schools Dartmouth High School

High Schools Dartmouth High School

Others

Ownership Freehold

ParcelsYN No

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Nearby Locations

Ted Misztela

+1(902) 489-4559 | tadvesz@icloud.com

37 Gaston Rd Dartmouth, NS B2Y 3W2

Ted Misztela

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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