12 & 14 Pictou Road (MLS® 202614609)

Bible Hill, NS, B2N 2R8

Summary

MLS ®:
 202614609
Price:
 $649,999
Status:
 Active
District:
 104
Zoning:
 C1
Property Type:
 Fourplex
Title To Land:
 Freehold

Income

Approx. Total Income:
 $81,300/yr
Approx. Net Income:
 $40,619/yr
Laundry Income:
 n/a
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 $40,681/yr
Maintenance Expense:
 maintained by owner
Management Expense:
 self managed
Insurance Expense:
 $4,200/yr
Tax Costs:
 $7,770/ yr
Electricity Bill:
 $15,469/yr
Heating Bill:
 $13,242/yr
Expense Details:
Call 902-499-7886

Property Overview

12 & 14 Pictou Road, Bible Hill (MLS® 202614609): An Exceptional Development & Investment Opportunity in the Heart of Truro. What truly sets this opportunity apart is the forward thinking vision already in place. The current owners have commissioned architectural plans for a proposed 19 unit residential development with dedicated commercial space, offering investors and developers a head start on unlocking the site's full potential. Whether your strategy is to hold for cash flow, redevelop immediately, or pursue a phased development approach, this property provides exceptional flexibility and upside. Positioned on a high-visibility corridor and just minutes from downtown, 12 & 14 Pictou Road offers a rare chance to acquire an income-producing asset with significant future development potential. This unique offering consists of two multifamily duplexes featuring a total of four residential units, including two 3-bedroom units and two 2-bedroom units, providing immediate rental income while future plans are advanced. Strategically located within walking distance of Dalhousie University's Agricultural Campus, Truro Mall, downtown amenities, restaurants, and public transit, the property benefits from strong rental demand and excellent long term growth prospects. Additional features include ample on-site parking and an 18' x 22' garage, further enhancing the property's functionality and value. As Truro continues to experience growth and revitalization, opportunities of this scale, location, and development potential are becoming increasingly difficult to find. Secure your position in one of Nova Scotia's growing markets and explore the possibilities that 12 & 14 Pictou Road has to offer.

Listing Courtesy of: Royal LePage Atlantic

Directions

Take Exit 14 trunk 2 NS-2 South; Left on Marshland Dr; Left on Park; Left on Main; Left on Pictou

Building Specs.

Building Age:
103
Building Dimensions:
irregular demension
Foundation Type:
Concrete, Other, Stone
Roof Material:
Asphalt Shingle, Metal
Exterior Finish:
Vinyl
Flooring Type:
Hardwood, Laminate, Linoleum, Tile, Vinyl Plank
Heating & Cooling:
Baseboard, Furnace, Heat Pump -Ductless
Water:
Dug, Well
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
Yes
Garage Details:
single detached
Parking:
gravel and paved with amble parking for all units
Driveway/Parking:
Gravel, Multiple Driveways, Parking Spaces(s), Paved

Community Features

Park, Place of Worship, Playground, Recreation Center, School Bus Service, Shopping

Schools

Elem. School: Bible Hill Central Elementary School
Mid. School: Redcliff Middle School
High School: Cobequid Educational Centre

Inclusions

4 stoves, 4 fridge, 4 washers, 4 dryers, 2 dishwasher, 1 microwave

Rental Equipment

None

Map

Contact Agent


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