An Exceptional Development & Investment Opportunity in the Heart of Truro. What truly sets this opportunity apart is the forward thinking vision already in place. The current owners have commissioned architectural plans for a proposed 19 unit residential development with dedicated commercial space, offering investors and developers a head start on unlocking the site's full potential. Whether your strategy is to hold for cash flow, redevelop immediately, or pursue a phased development approach, this property provides exceptional flexibility and upside. Positioned on a high-visibility corridor and just minutes from downtown, 12 & 14 Pictou Road offers a rare chance to acquire an income-producing asset with significant future development potential. This unique offering consists of two multifamily duplexes featuring a total of four residential units, including two 3-bedroom units and two 2-bedroom units, providing immediate rental income while future plans are advanced. Strategically located within walking distance of Dalhousie University's Agricultural Campus, Truro Mall, downtown amenities, restaurants, and public transit, the property benefits from strong rental demand and excellent long term growth prospects. Additional features include ample on-site parking and an 18' x 22' garage, further enhancing the property's functionality and value. As Truro continues to experience growth and revitalization, opportunities of this scale, location, and development potential are becoming increasingly difficult to find. Secure your position in one of Nova Scotia's growing markets and explore the possibilities that 12 & 14 Pictou Road has to offer. (id:4069)
Address
12 & 14 Pictou Road
List Price
$649,999
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Nova Scotia
Sub-Area
Bible Hill
Lot Size
0.3845 Sq. Ft.
Year Built
1923
MLS® Number
202614609
Listing Brokerage
Royal LePage Atlantic
Postal Code
B2N2R8
Ownership
Freehold
Site Influences
Park, Playground, Shopping, Place of Worship
Community Features
Recreational Facilities, School Bus
Appliances
Stove, Dishwasher, Dryer, Washer, Microwave, Refrigerator
Heat Source
Electric, Oil
Heat Type
Baseboard heaters, Furnace, Heat Pump, Ductless
Foundation Details
Concrete Perimeter, Stone, Unknown
Other Structures
Barn
Water Source
Dug Well, Well
Sewer
Municipal sewage system
