1 Queen Street, Truro, Nova Scotia B2N 2A7

Listed for:
$825,000
0 beds
0 baths
Listed 49 days ago
1 Queen Street, Truro, Nova Scotia B2N 2A7

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Learn more about this property
Listing provided by:
Royal LePage Truro Real Estate
MLS® number:
202527836
Agent:
Wil Walusimbi
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About

Prince street to Elm to Queen 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:27476)

Property Highlights

MLS® Number
202527836
Type
Retail
Community Name
Truro
Ownership Type
Freehold
Land Size
0.1198 ac

Building

Amenities
Air Conditioning, Laundry Facility Shopping
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type
Heat Pump

Utilities

Water
Municipal water

Location