Residential Income For Sale

$969,000

37 Martin Lake Drive, Lake Echo, NS B3E 1B3

Description

RARE OPPORTUNITY. A fully occupied fourplex minutes from Dartmouth offering a 6.0% going-in capitalization rate at the asking price. The property includes four 2-bedroom apartments, established tenants, commercial-grade laundry and a newly constructed four-unit storage building. More than $212,000 has been invested in capital improvements and major building upgrades since 2022, including a new Ecoflo septic system, drainage management system, well equipment, bathroom renovations, commercial laundry equipment, insulation, exterior doors and other significant improvements. The result is an income-producing multifamily property with substantial infrastructure work already completed and approximately $58,149 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available.

Property Details

  • Property Type: Residential Income
  • PropertySubType: Quadruplex
  • Listing Type: For Sale
  • Listing ID: 202616349
  • Price: $969,000
  • Bedrooms: 16
  • Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1972
  • Lot Area: 0 Acre
  • Status: Active
  • LivingAreaUnits : Square Feet

Features

  • Heating System : Baseboard
  • Basement : No
  • Roof Deck : Asphalt
  • Sewer : Septic Tank
  • Interior Flooring : Laminate
  • Zoning: R-1

Details

  • Office Name: RE/MAX Nova (Halifax)
  • Agent Name: Tanya Smyk
  • Garage: No
  • CommunityFeatures : Park, Playground, Place Of Worship, Beach, Recreation Center, School Bus Service, Near Public Transport
  • ExteriorFeatures : Balcony
  • InteriorFeatures : See Remarks, Storage, Locker
  • LotFeatures : Under 0.5 Acres
  • LaundryFeatures : Laundry
  • ParkingFeatures : Gravel, Parking Spaces(s)
  • ElementarySchool: Bell Park Academic Centre
  • HighSchool: Auburn Drive High School
  • MiddleOrJuniorSchool: Graham Creighton Junior High School
  • Appliances : Stove, Dryer, Washer, Refrigerator
  • HeatingYN: Yes
  • PriceChangeTimestamp: 25/09/2026 00:00:00
  • Possession : Negotiable
  • Stories: 2
  • ModificationTimestamp: 25/09/2026 18:14:02
  • MLSAreaMajor : 31-lawrencetown, Lake Echo, Porters Lake
  • MLSAreaMinor : 31-b
  • Gas : Oil
  • FoundationDetails : Slab
  • FarmLandAreaUnits : Square Feet
  • ConstructionMaterials : Vinyl Siding, Stucco
  • BuildingAreaUnits : Square Feet
  • BelowGradeFinishedAreaUnits : Square Feet

Property on Map

Request Info

Contact Agent
Colleen Ryan

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