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Vanda Jackson

realtorvandajackson@gmail.com +1(902) 719-9558

Listed by Tanya Smyk • RE/MAX Nova (Halifax)

$ 1,050,000

Est. payment | -/mo

16 Beds

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$ 1,050,000

Est. payment | -/mo

Save Virtual Tour

16 Beds

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202616349

Bedrooms 16

HOA Y/N No

Year Built 1972

Property Sub-Type Quadruplex

Source Nova Scotia

Property Description

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.

Location

Province NS

County Halifax

Area 31-Lawrencetown, Lake Echo, Porters Lake

Zoning R-1

Region Halifax - Dartmouth

City Region Halifax - Dartmouth

Rooms

Basement None

Bedroom 2 6605.74

Dining Room $78, 990.00

Kitchen 2897.30

Interior

Interior Features Locker, See Remarks, Storage

Heating Baseboard

Flooring Laminate

Inclusions 4 Fridges, 4 Stoves, 1 Commercial Washing Machine, 1 Commercial Dryer, Lawn Mower, Salt Spreader

Equipment No Rental Equipment

Fireplace No

Appliance Stove, Dryer, Washer, Refrigerator

Laundry Laundry

Exterior

Exterior Feature Balcony

Community Features Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Place of Worship, Beach

View Y/N No

Roof Type Asphalt

Garage No

Private Pool No

Building

Lot Description Under 0.5 Acres

Story 2

Foundation Slab

Sewer Septic Tank

Water Drilled Well

New Construction No

Schools

Elementary Schools Bell Park Academic Centre

Middle Schools Graham Creighton Junior High School

High Schools Auburn Drive High School

Others

Ownership Freehold

ParcelsYN No

Virtual Tour https://tours.snaphouss.com/37martinlakedrivelakeechonsb3e1b1?b=0

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+1(902) 719-9558

realtorvandajackson@gmail.com

800-1701 Hollis Street, Halifax, NS, B3J 3M8, CAN

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37 Martin Lake Dr Lake Echo, NS B3E 1B3