Gaston Gardens Apartment Portfolio

56 Gaston, 60/60A Gaston and 62 Gaston Road, Dartmouth, NS 236

  • For Sale $123,456,789
  • Property Type Other
  • Units 56
  • Additional Rent Contact for pricing
  • Date Updated Dec 12, 2024

This is your chance to purchase an existing, income producing apartment portfolio

with the potential to develop approximately 127 units in the future. The basic structure of all the buildings is wood frame with vinyl siding. The interiors generally consist of laminate, carpet and tile. All buildings are heated by gas furnaces and tenants pay for their own electricity. The properties are in fair-good condition overall and a representative selection of units will be made available for viewing purposes. Under the new Centre Plan B, all three properties have been rezoned to High Order Residential [HR-1]. We believe a new owner has the opportunity to develop this property over time with a phased approach. 60/60A Gaston Road can support an additional +/- 28 units [18,944 bsf] while retaining the existing 32 Unit structures. 56 Gaston Road can support 99 units [82,667 bsf] under the new zoning, however the existing 22 units would have to be removed entirely or in stages depending on strategy. 62 Gaston easily provides a new owner with the ability to create basement dwellings. In total we believe the site could support 129 newly created units while retaining 34 existing units for a total of 163 multi-residential suites in the future. The breakdown of existing units is as follows: 56 Gaston Road - 22 units 60/60A Gaston Road - 32 units 62 Gaston Road - 2 units The types of exiting units are as follows: 56 Gaston Road 2 - bachelors and 20 - 1 bedrooms 60/60A Gaston Road 9 - 1 bedrooms, 16 - 2 bedrooms, 7-3 bedrooms 62 Gaston Road - 2 - 4 bedroom semi's including recreation rooms / 2 full baths The Vendor is willing to supply a second mortgage to assist with the sale should qualified proponents wish to explore this offering.

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Highlights

  • Strong rental history with a current NOI of $532,152.14, with potential for upside in revenue over time;
  • As of right redevelopment potential with High Order Residential [HR-1] zoning, for those seeking extra density;
  • Townhouse like rentals are highly sought after by Tenants in a portion of the portfolio;
  • Excellent CMHC financing available for select borrowers.

Contacts

broker
William Hachey

Avison Young - Moncton

broker
Michael Brown

Avison Young - Halifax

Location

Getting Around

  • Walk Score ®

    51/100 Somewhat Walkable

  • Transit Score ®

    45/100 Some Transit

  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Dartmouth, NS
  • Neighborhood Gaston Road
  • Postal Code 236

Points of Interest

  • Halifax

    2.28 miles

  • Sobeys Fast Fuels

    0.40 miles

  • Petro-Canada

    0.55 miles

  • Irving

    0.73 miles

  • Coast Gas

    0.76 miles

  • Mobile

    0.78 miles

  • Fast Fuel

    1.13 miles

  • Petro Canada

    1.16 miles

  • Esso

    1.17 miles

  • FLO - Atlantic Superstore

    2.38 miles

  • ChargePoint

    3.30 miles

  • Baker Drive Community Park parking Lot

    0.90 miles

  • Woodside Park & Ride

    1.15 miles

  • Superstore

    1.19 miles

  • Woodside Bus Terminal

    1.20 miles

  • Kiwanis Grahams Grove Park Parking Lot

    1.21 miles

  • Dartmouth Medical Centre

    1.36 miles

  • 57 Portland

    1.41 miles

  • Dartmouth Events Plaza / Alderney Landing

    1.57 miles

  • Alderney Park and Ride

    1.71 miles

  • Impark

    2.00 miles

  • Hearthstone Inn Boutique Hotel Dartmouth/Halifax

    1.08 miles

  • Express Lodge Motel

    1.09 miles

  • Lake City Motel

    1.19 miles

  • DoubleTree

    1.91 miles

  • DoubleTree by Hilton Halifax Dartmouth

    1.91 miles

  • Marriott Harbourfront

    1.96 miles

  • Muir

    1.99 miles

  • The Barrington Hotel

    2.08 miles

  • Courtyard Halifax Downtown

    2.11 miles

  • Hotel Halifax - Entrance & Reception

    2.12 miles

  • Pizza Hut

    0.32 miles

  • St. Louis Bar & Grill

    0.43 miles

  • Sushi Jet

    0.44 miles

  • McDonald's

    0.50 miles

  • Wendy's

    0.53 miles

  • Boston Pizza

    0.59 miles

  • Steak and Stein

    0.61 miles

  • Pleasant Street Diner

    0.69 miles

  • Alexandra's Pizza

    0.69 miles

  • Byblos Lebanese Restaurant

    0.73 miles

  • NSCC Ivany Campus

    0.96 miles

  • Hawthorne Elementary School

    1.05 miles

  • Portland Estates Elementary School

    1.25 miles

  • Woodlawn High School

    1.32 miles

  • NSCC Akerley Campus

    1.39 miles

  • Admiral Westphal Elementary School Park

    1.44 miles

  • Bridgeway Academy Dartmouth

    1.49 miles

  • Nova Scotia College of Art & Design

    2.05 miles

  • Paramount Site

    2.16 miles

  • NSCAD

    2.22 miles

  • Dartmouth Day Care Centre

    1.39 miles

  • Wee Care Development Centre

    2.78 miles

  • Kids & Company

    2.91 miles

  • Alexandra Children’s Centre

    3.17 miles

  • Friends For Life

    3.22 miles

  • Depend On Me Child Care Centre

    4.33 miles

  • Care And Fun Childcare

    5.37 miles

  • Le Petit Voilier

    6.56 miles

  • Ayeshah's preschool home daycare

    7.27 miles

  • Crestview Children's Center

    7.49 miles

Frequently Asked Questions

How much does Gaston Gardens Apartment Portfolio cost?

The space currently listed for sale at Gaston Gardens Apartment Portfolio asks for $123,456,789.

What is the total square footage of Gaston Gardens Apartment Portfolio?

Gaston Gardens Apartment Portfolio totals 3,909 square feet.

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Contact Gaston Gardens Apartment Portfolio