$1,100,000
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37 Martin Lake Drive, Lake Echo, NS B3E1B3

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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. (id:58753)

Listing By: Tanya Smyk - RE/MAX Nova (Halifax) cncrea2 Realty.com
  • MLS® 202616349
  • Date Listed07/02/2026
  • Days on Realty 24 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Sewer Septic Tank
  • Property Type Quadruplex
  • Year Built 1972
  • Water Well

Interior Features

  • Appliances Washer, Refrigerator, Stove, Dryer
  • Flooring Laminate
  • Heating Baseboard heaters, Oil

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Balcony

Directions

Highway 107 to exit 18, right on Hwy 7 left on Martin Lake Drive, property is on the right.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for B3E1B3

Discover key demographics, population statistics, and environmental insights for the Lake Echo, NS area.

Walkability in NS / B3E1B3

Source: Walk Score

9/100

Car-Dependent

Walk Score ®

16/100

Minimal Transit

Transit Score ®

2/100

Bikable

Bike Score ®

Overview

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Transit Summary

1 nearby routes: 1 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 3/100, Transit Score: 8/100, Bike Score: 16/100.

Points of Interest near 37 Martin Lake Drive, Lake Echo, NS B3E1B3

Frequently Asked Questions for 37 Martin Lake Drive

Source: Realty.com

37 Martin Lake Drive, Lake Echo, NS B3E1B3 in Lake Echo, NS B3E1B3 is a quadruplex listed at $1,100,000. Highlights include built in 1972. Realty.ca has 36 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 36 photos of 37 Martin Lake Drive.

Our records indicate that 37 Martin Lake Drive was built in 1972.

The full address for this home is 37 Martin Lake Drive, Lake Echo, NS B3E1B3.

37 Martin Lake Drive has been listed on Realty.com since Thu July 02, 2026

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 3/100, Transit Score: 8/100, Bike Score: 16/100.

Listing provided courtesy of: RE/MAX Nova (Halifax)
Listing agent: Tanya Smyk

This content last refreshed on 2026-07-26 15:31:21. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.