Map
CANSLake Echo37 Martin Lake Dr
Listing image | Image 1

37 Martin Lake Dr, Lake Echo, NS

House

For Sale

Listed price in listed location currency (CAD).
$1,100,000

1600

MLS® 202616349

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 16
Lot Size 
Approx. Age 1972
MLS® Number 202616349

Property Address: 37 Martin Lake Dr, Lake Echo, NS, B3E1B3

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number202616349
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1972
BasementNone
DrivewayGravel, Parking Spaces(s)
Garage Spaces
HeatBaseboard
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 2, 2026List Date
$1,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
37 Martin Lake Dr, Lake Echo, NS

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