Office Listings
37 Martin Lake Drive
31-Lawrencetown, Lake Echo, Porters Lake
Lake Echo
B3E 1B3
$969,000
Multi-Family
built: 1972
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202616349
- Year Built:
- 1972
- Photos (36)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
RARE OPPORTUNITY. A fully occupied fourplex minutes from Dartmouth offering a 6.5% 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 $63,339.33 in annual NOI. Full financials and list of upgrades and maintenance since 2022 available.
- Highway 107 to exit 18, right on Hwy 7 left on Martin Lake Drive, property is on the right.
- Listing Sub-Area:
- 31-Lawrencetown, Lake Echo, Porters Lake
- Property Type:
- Multi-Family
- Multi-Family Type:
- Fourplex
- Title To Land:
- Freehold
- Building Dimenions:
- 52.4 x 33.4
- Outside Dimenions:
- 52'4" x 33'4"
- Prop Size:
- Under 0.5 Acres
- Commercial / Retail Space:
- No
- # of Rental Units / Occupied:
- 4
- Year built:
- 1972 (Age: 54)
- Age:
- 54
- # Floors:
- 2
- Exterior Finish:
- Stucco, Vinyl
- Foundation:
- Slab
- Basement:
- None
- Floor Finish:
- Laminate
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard
- Fuel:
- Oil
- Garage Description:
- 8 spaces
- Parking:
- Yes
- Parking Description:
- Gravel, multiple spaces
- Driveway:
- Gravel, Parking Spaces(s)
- Water Supply:
- Drilled Well
- Sewer:
- Septic
- Num Units:
- 4
- Num 4 Bed Units:
- 4
- # Of Dryers:
- 1
- # Of Fridges:
- 4
- # Of Stoves:
- 4
- # Of Washers:
- 1
- Rental Income:
- Yes, 78990.
- Approx. Net Income:
- 56,111.13
- Insurance Expense:
- 2897.30
- Taxes Costs:
- 6605.74
- Other Costs:
- 2038.20
- Maintenace:
- 1200.0
- Heating Bill:
- 9473.02
- Electricity Bill:
- 1864.52
- Approx. Total Expense:
- 22878.87
- Approx. Total Income:
- $78,990.00
- Balcony, Laundry, Locker, See Remarks, Storage
- 4 fridges, 4 stoves, 1 commercial washing machine, 1 commercial dryer, lawn mower, salt spreader
- Beach, Park, Playground, Public Transit, Recreation Center, School Bus Service, Place of Worship
- Stove, Dryer, Washer, Refrigerator
- None
- Shed
- No
- Zoning:
- R-1
- Possession Info:
- Negotiable
- Elementary School:
- Bell Park Academic Centre
- High School:
- Auburn Drive High School
- Middle School:
- Graham Creighton Junior High School
-
Aerial
-
Front
-
Photo 3 of 36
-
Front
-
Side/back of building
-
Front of building
-
Storage Building
-
Birdseye
-
Unit 2 floor plan
-
Unit 3 deck
-
Unit 3 deck
-
Unit 3 foyer
-
Hallway
-
Unit 3 kitchen
-
Unit 3 kitchen
-
Unit 3 living room
-
Unit 3 living room
-
Unit 3 bedroom
-
Unit 3 bedroom
-
Unit 3 bathroom
-
Back of building showing Unit 4 balcony
-
Unit 2 foyer
-
Unit 2 kitchen
-
Unit 2 kitchen
-
Unit 2 living room
-
Unit 2 living room
-
Unit 2 bedroom
-
Unit 2 bedroom
-
Unit 2 bedroom
-
Unit 2 back door
-
Unit 2 bathroom
-
Common area laundry room
-
Exterior
-
Side yard
-
Aerial
-
Aerial
Larger map options:
Listed by RE/MAX Nova (Halifax)
Data was last updated November 2, 2026 at 07:20 PM (UTC)
Area Statistics
- Listings on market:
- 123
- Avg list price:
- $850,000
- Min list price:
- $249,000
- Max list price:
- $6,298,000
- Avg days on market:
- 69
- Min days on market:
- 3
- Max days on market:
- 481
These statistics are generated based on the current listing's property type
and located in
Halifax-Dartmouth. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- CHUCK GROOCOCK
- RE/MAX NOVA
- 1 (902) 233-5834
- Contact by Email







