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, one of them currently vacant, offering an excellent value-add opportunity for an investor or owner-user. One unit is currently leased at $1825 + HST per month second commercial unit owner suggests a potential rental rate of approximately $1500 + 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:4069)
Address
1 Queen Street
List Price
$825,000
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Nova Scotia
Sub-Area
Truro
Lot Size
0.1198 Sq. Ft.
MLS® Number
202600139
Listing Brokerage
Royal LePage Truro Real Estate
Basement Area
Full
Postal Code
B2N2A7
Site Influences
Golf Course, Park, Shopping, Place of Worship
