130 Victoria Street (MLS® 202422999)

Truro, NS, B2N 1Z1

Summary

MLS ®:
 202422999
Price:
 $589,900
Status:
 Active
District:
 104
Zoning:
 DN
Property Type:
 5-8 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 51500
Approx. Net Income:
 25889.60
Laundry Income:
 500
Income Details:
Call 902-499-7886

Expenses

Approx. Total Expenses:
 25610.40
Maintenance Expense:
 1500
Snow & Garbage Expense:
 828
Water & Sewage Expense:
 800
Insurance Expense:
 2744
Tax Costs:
 6850.92
Electricity Bill:
 1818.80
Heating Bill:
 9000
Other Costs:
 2068.68
Expense Details:
Call 902-499-7886

Property Overview

130 Victoria Street, Truro (MLS® 202422999): This well maintained 5 Unit, 2.5 storey income property is a rare find for savvy investors. Nestled in the vibrant community of Truro, this building has proven to be a stable source of rental income. Each unit boasts generous space, abundant natural light, and charming hardwood floors with classic large trim throughout. The property features a mix of units: Apartment 1: 2 bedrooms, Apartment 2: 1 bedroom, Apartment 3: 1 bedroom, Apartment 4: 2 bedrooms, Apartment 5: 2 bedrooms. Additionally, the building offers shared laundry facilities, conveniently located at the back of the property. The owner currently covers heating costs (oil heat), and tenants pay their own power. Apartment 3 is currently vacant and ready for a new tenant, freshly renovated with a new shower, vanity, toilet in the bathroom, and vinyl flooring through some of the apartment, and the existing hardwood through the rest. The apartment is bright and clean and ready for your new tenant. This is a fantastic opportunity for investors seeking a reliable, income-generating property in a prime location. Don't miss your chance to add this valuable asset to your portfolio. Large renovations recently included the renovation of apartment 3, new side fencing in rear yard, removal of an older shed to increase tenant parking out back on new gravel, installation of leased oil burner (Year 2021 for 60mths), some exterior landscaping, kitchen and bath renovation apartment 2 (2023), and replacement of coin operated washer/dryer. Don't miss out on this Downtown multi-unit investment property.

Listing Courtesy of: Hants Realty Ltd.

Directions

Take Prince Street East, Young Street South, Victoria Street West - 130 Victoria Street, Truro

Building Specs.

Building Age:
151
Building Dimensions:
Irregular
Foundation Type:
Stone
Roof Material:
Asphalt Shingle
Exterior Finish:
Wood Siding
Flooring Type:
Carpet, Hardwood, Laminate, Linoleum, Vinyl Plank
Heating & Cooling:
Furnace, Hot Water, Radiant
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Multiple vehicles in behind the building, street parking
Driveway/Parking:
Gravel, Parking Spaces(s), Single

Features

Apt Conforming, Laundry

Community Features

Golf Course, Park, Place of Worship, Playground, Public Transit, School Bus Service, Shopping

Schools

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

Inclusions

5 Stoves, 5 Refrigerators, 1 washer, 1 dryer both coin operated.

Rental Equipment

Furnace

Map

Contact Agent


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