104 Lorne Street (MLS® 202605067)

Truro, NS, B2N 3K5

Summary

MLS ®:
 202605067
Price:
 $625,000
Status:
 Active
District:
 104
Zoning:
 UC
Property Type:
 Fourplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 51977
Approx. Net Income:
 3506.24
Laundry Income:
 0
Other Income:
 0
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 16470.76
Water & Sewage Expense:
 1138.08
Insurance Expense:
 3,387
Tax Costs:
 9645.68
Other Costs:
 2300
Expense Details:
Call 902-499-7886

Property Overview

104 Lorne Street, Truro (MLS® 202605067): Located in the heart of downtown, this well-maintained multi-unit property offers exceptional walkability to shops, restaurants, and key amenities making it an ideal investment opportunity. The building features three 1-bedroom units and one spacious 4-bedroom, 2-bath unit on the main floor (currently vacant), providing flexibility for owner-occupancy or strong rental potential. Significant upgrades were completed in early 2020, including updated electrical, new hot water tanks, baseboard heaters, and updated plumbing (excluding the main stack). The property also benefits from four renovated bathrooms, three updated kitchens, and substantial improvements to living spaces throughout. Parking is available for 6 vehicles, secured through an existing land lease arrangement with the neighbouring church. A prime opportunity in a highly desirable downtown location, offering strong rental appeal and long-term investment potential.

Listing Courtesy of: RE/MAX Fairlane Realty

Directions

Property just off Queen Street on the corner of Lorne & Queen street.

Building Specs.

Building Dimensions:
54x34
Foundation Type:
Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Wood Shingles
Flooring Type:
Hardwood, Laminate, Tile
Heating & Cooling:
Baseboard, Heat Pump -Ductless
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Driveway/Parking:
Dirt, Multiple Driveways, Parking Spaces(s)

Features

Air Conditioning

Community Features

Beach, Golf Course, Park, Place of Worship, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Ski Hill

Schools

Elem. School: Truro Elementary School
Mid. School: Truro Junior High School
High School: Cobequid Educational Centre

Rental Equipment

None

Map

Contact Agent


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