110 days on Market

37 Martin Lake Dr, Lake Echo, Nova Scotia B3E 1B3

Detached
16
-
- sqft
$•••,•••
$969,000
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Detached
16
-
- sqft

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Highlights

Property Estimate

Days on market110 days

Estimated valueNot available

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Description

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.


Property Details

StyleOther
View-
Age of property1972
SqFt-
Lot Size-
Parking Spaces-
MLS ®Number202616349
Community NameLake Echo
Data SourceNSAR
Listing byRE/MAX Nova (Halifax)

Features

Heating: Baseboard

Property History

Jul 2, 2026
ListedActive
$969,000
110 days on market
history photo preview36
Listing by nsar®
Property listed by RE/MAX Nova (Halifax), Brokerage
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Market Data - Lake Echo

Geo Zone Map ThumbnailLake Echo

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

37 days

Compared to

2025

15 days

2024

63 days

2023

6 days

New Listings

Past 30 days

4 listings

Compared to

2025

11 listings

2024

1 listing

2023

2 listings

Units sold

Past 30 days

1 unit

Compared to

2025

6 units

2024

5 units

2023

2 units

Median Sold Price

Past 30 days

$148,632

Compared to

2025

$302,250

2024

$355,000

2023

$250,500


Population and Demographics

Overview

Total population 3313
Average household income $108,769

Age (%)

0 to 19
22%
20 to 34
18%
35 to 49
21%
50 to 64
24%
65 and plus
16%

Household composition (%)

Single family
71%
Single person
24%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
97%
French
3%
Others
1%

House tenancy (%)

Owners
92%
Renters
8%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget