1 Queen Street (MLS® 202600139)
Summary
- MLS ®:
- 202600139
- Price:
- $825,000
- Status:
- Active
- District:
- 104
- Zoning:
- DC
- Property Type:
- Triplex
- Title To Land:
- Freehold
Income
- Approx. Total Income:
- 53400
- Approx. Net Income:
- 36860
- Income Details:
- Call 902-499-7886
Expenses
- Approx. Total Expenses:
- 16540
- Maintenance Expense:
- 1440
- Snow & Garbage Expense:
- 1200
- Insurance Expense:
- 2900
- Tax Costs:
- 10,000
- Electricity Bill:
- 1000
- Expense Details:
- Call 902-499-7886
Property Overview
1 Queen Street, Truro (MLS® 202600139): Well-located mixed-use building in the heart of downtown Truro offering immediate residential income with significant commercial upside. The property features three fully occupied residential units (one 3-bedroom and two 2-bedroom apartments) with tenants paying their own utilities, providing stable cash flow. The main floor includes two high-exposure commercial units fronting Queen Street, currently vacant, offering an excellent value-add opportunity for an investor or owner-user. One unit was previously leased at $2,500 + HST per month owner suggests a potential rental rate of approximately $2,000 + HST per month, subject to market conditions and lease terms., with strong demand for retail, office, or service-based uses in this high-traffic location. Recent updates include vinyl windows, flooring, and ductless heat pumps. The building benefits from excellent visibility, walkable amenities, public parking nearby, and flexible commercial zoning. Ideal for investors seeking a mixed-use asset with upside through commercial lease-up, or an owner-operator looking to occupy one unit while benefiting from residential income. Financials, leases are available upon request
Listing Courtesy of: Royal LePage Truro Real Estate Queen Street 1 Apt Conforming, Laundry Golf Course, Park, Place of Worship, Recreation Center, Shopping None Directions
Building Specs.
Garage & Parking
Features
Community Features
Rental Equipment
Map
