37 Martin Lake Drive Lake Echo, Nova Scotia B3E 1B3
$969,000
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. (id:45785)
Property Details
| MLS® Number | 202616349 |
| Property Type | Multi-family |
| Community Name | Lake Echo |
| Amenities Near By | Park, Playground, Public Transit, Place Of Worship, Beach |
| Community Features | Recreational Facilities, School Bus |
| Features | Balcony |
| Structure | Shed |
Building
| Amenities | Storage - Locker |
| Appliances | Stove, Dryer, Washer, Refrigerator |
| Basement Type | None |
| Constructed Date | 1972 |
| Exterior Finish | Stucco, Vinyl |
| Flooring Type | Laminate |
| Foundation Type | Concrete Slab |
| Heating Fuel | Oil |
| Heating Type | Baseboard Heaters |
| Type | Fourplex |
| Utility Water | Drilled Well |
Parking
| Gravel | |
| Parking Space(s) |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Public Transit, Place Of Worship, Beach |
| Sewer | Septic System |
| Size Total Text | Under 1/2 Acre |
https://www.realtor.ca/real-estate/29982497/37-martin-lake-drive-lake-echo-lake-echo
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Tanya Smyk
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397 Bedford Hwy
Halifax, Nova Scotia B3M 2L3
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October 08 2026 01:32:04
Nova Scotia Association of REALTORS®
RE/MAX Nova (Halifax)