12
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$825,000
Est. payment /mo
5,218 Sqft Lot
Active
1 Queen Street Truro, NS B2N2A7
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Truro
MLS® Listing ID 202527836
Lot Size 5,218 Sqft
Acres 0.1198
Property Sub-Type Freehold
Source Nova Scotia Association of REALTORS®
Property Description
Well-located mixed-use building in the heart of downtown Truro offering immediate residential income with significant commercial upside. The property features three fully occupied residential units (one 3-bedroom and two 2-bedroom apartments) with tenants paying their own utilities, providing stable cash flow. The main floor includes two high-exposure commercial units fronting Queen Street, currently vacant, offering an excellent value-add opportunity for an investor or owner-user. One unit was previously leased at $2,500 + HST per month owner suggests a potential rental rate of approximately $2,000 + HST per month, subject to market conditions and lease terms., with strong demand for retail, office, or service-based uses in this high-traffic location. Recent updates include vinyl windows, flooring, and ductless heat pumps. The building benefits from excellent visibility, walkable amenities, public parking nearby, and flexible commercial zoning. Ideal for investors seeking a mixed-use asset with upside through commercial lease-up, or an owner-operator looking to occupy one unit while benefiting from residential income. Financials, leases are available upon request (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Cooling Heat Pump
Flooring Wood
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Private Pool No
Others
Ownership Freehold
Virtual Tour https://youtu.be/Yl677HwnWgE
Listed by Royal LePage Truro Real Estate
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