265/269 Young Street (MLS® 202319103)

Truro, NS, B2N 3Y4

Summary

MLS ®:
 202319103
Price:
 $4,950,000
Status:
 Active
District:
 104
Zoning:
 MU
Property Type:
 Over 12 Units
Title To Land:
 Freehold

Income

Income Details:
Call 902-499-7886

Expenses

Expense Details:
Call 902-499-7886

Property Overview

265/269 Young Street, Truro (MLS® 202319103): Two well maintained buildings. This unique offering includes an 18-unit building and a 12-unit building, each contributing to the overall appeal of this investment. Recent upgrades, such as both buildings having brand-new roof and energy-efficient heat pumps in all units, enhance the property's long-term sustainability while reducing operational costs. One of the standout features of this opportunity is the assumable mortgage, with $2.1 million remaining at an incredibly low 2.68% interest rate. This favorable financing arrangement adds a layer of financial stability for potential investors. The diverse unit mix includes 28 spacious two-bedroom units and 2 comfortable one-bedroom units, catering to a wide range of potential tenants. The location of this portfolio is truly exceptional, located just an hour from Halifax and a mere 5-minute drive from the heart of Truro. Being along major transit routes and public services brings strategic positioning that attracts tenants from both urban and suburban demographics, adding to the investment's appeal. Finally, this portfolio represents a stable and promising investment opportunity. With all 30 units fully leased, there is excellent potential for value appreciation through rent increases and unit renovations as turnovers occur. Don't miss the chance to secure this outstanding investment opportunity in the thriving community of Truro, Nova Scotia, one of the fastest growing communities in our province. Contact us today to learn more and seize this opportunity for financial success in the real estate market!

Listing Courtesy of: RE/MAX Nova (Halifax)

Directions

Hwy 102 exit 13, Keep right Truro heights connector , Right on willow st, Left on Glenwood, Left on young street.

Building Specs.

Building Age:
14
Building Dimensions:
Irregular
Foundation Type:
Concrete, Slab
Roof Material:
Asphalt Shingle
Exterior Finish:
Vinyl
Flooring Type:
Carpet, Ceramic, Vinyl Plank
Heating & Cooling:
Baseboard, Heat Pump -Ductless, In Floor
Water:
Municipal
Sewage:
Municipal
Title:
Freehold

Garage & Parking

Garage:
No
Parking:
Parking lot enough for approx. 35 cars
Driveway/Parking:
Paved

Features

Balcony

Community Features

Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping

Rental Equipment

None

Map

Contact Agent