37 Martin Lake Drive, Lake Echo, NS (MLS® 202616349)
| MLS® | 202616349 |
| List Price | $969,000 |
| PID | 40164063 |
| Type | Fourplex |
| Age | 54 |
| List Date | Jul 2, 2026 (103 Days) |
Overview
37 Martin Lake Drive, Lake Echo, NS (MLS® 202616349): 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.
Listing Courtesy of: RE/MAX Nova (Halifax)
Directions
Directions to 37 Martin Lake Drive, Lake Echo, NS (MLS® 202616349): Highway 107 to exit 18, right on Hwy 7 left on Martin Lake Drive, property is on the right.
Inclusions
4 fridges, 4 stoves, 1 commercial washing machine, 1 commercial dryer, lawn mower, salt spreader
Features
Community Features
Schools near 37 Martin Lake Drive, Lake Echo, NS (MLS® 202616349)
| Type | Name |
| Elementary School | Bell Park Academic Centre |
| Middle School | Graham Creighton Junior High School |
| High School | Auburn Drive High School |