24 Louise Street (MLS® 202506154)

Truro, NS, B2N 3K2

Summary

MLS ®:
 202506154
Price:
 $2,350,000
Status:
 Active
District:
 104
Zoning:
 UC
Property Type:
 Over 12 Units
Title To Land:
 Freehold

Income

Approx. Total Income:
 208,242.36
Income Details:
Call 902-499-7886

Expenses

Expense Details:
Call 902-499-7886

Property Overview

24 Louise Street, Truro (MLS® 202506154): Presenting: 24 Louise St, together with the neighbouring property at 20 Louise (triplex), forms a rare investment opportunity in the heart of downtown Truro! This 15 unit building with an approved development agreement for a 16th unit that is mostly finished (well will not be finishing for closing) offers a fantastic opportunity for investors seeking long term rental income in a high-demand area. Located between Prince and Queen street, it's within walking distance to shops, restaurants, and amenities, this property ensures consistent tenant demand and long-term value. 20 and 24 Louise together produce gross potential rental income, based on full occupancy, of approximately $250,000/year making this an attractive addition to the savvy investor's portfolio. As an added benefit, with management already in place, a new owner can simply take over and enjoy the benefits of owning 2 great properties in Truro's thriving downtown! Detailed financials available upon request with a signed Non-Disclosure Agreement. Please Note: 20 and 24 Louise MUST be sold together. 615 Prince is also available from the same owner and the owner would place value on a buyer purchasing all three properties at the same time.

Listing Courtesy of: Royal LePage Truro Real Estate

Directions

Queen to Louise, property on right

Building Specs.

Building Dimensions:
30x98
Foundation Type:
Concrete
Roof Material:
Steel
Exterior Finish:
Steel
Flooring Type:
Laminate, Vinyl
Heating & Cooling:
Baseboard
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Limited parking
Driveway/Parking:
Gravel, Shared

Community Features

Golf Course, Marina, Place of Worship, Playground, Recreation Center, School Bus Service, Shopping

Rental Equipment

None

Map

Contact Agent


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