This is an exceptional opportunity to invest in 19 units in a high demand market with the added advantage of future growth potential. The strong market demand in Truro for both residential and mixed use properties makes this an ideal investment for income generation. 101-105 Queen Street and 264-266 Queen Street. 11 rental units in 101-105 Queen Street and 8 rental units in 264-266 Queen Street. Total Price: $2,900,000.00. Queen Street, Truro - A prime location with high visibility and easy access to local amenities, businesses, and residential areas. Ideal for future development or rental income. Additional lot: Offering additional potential for future expansion or redevelopment, up to 40 - 50 units. 264-266 Queen Street - 8 units. A smaller but strategically located property, this building adds diversity to the package. Building dimensions: 101 Queen Street - Irregular 103 Queen Street - 61x43.5 105 Queen Street - 47.5x21 264-266 building dimensions: 19.8x42.5 x 2 buildings.
Queen Street
Listing Sub-Area:
104-Truro / Bible Hill
Property Type:
Multi-Family
Multi-Family Type:
9 - 12 Unit
Title To Land:
Freehold
Building Dimenions:
Irregular
Lot Size:
0.762 acre(s)0.31 hectare(s)
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
11
Exterior Finish:
Brick, Vinyl
Foundation:
Concrete
Basement:
Full, Undeveloped
Floor Finish:
Hardwood, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard, Furnace, Ductless Cooling
Fuel:
Electric, Oil
Parking:
Yes
Parking Description:
Parking spaces
Driveway:
Multiple Driveways, Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
3,428.88
Sewer:
Municipal
Num Units:
11
Num 1 Bed Units:
2
Num 2 Bed Units:
5
Num 3 Bed Units:
4
# Of Fridges:
11
# Of Stoves:
11
Rental Income:
Yes, 156,641.40
Laundry Income:
3600.00
Approx. Net Income:
107,980.15
Insurance Expense:
7,100.00
Taxes Costs:
15,201.00
Other Costs:
1,800.00
Maintenace:
8250.0
Heating Bill:
9,612.68
Electricity Bill:
6,868.69
Approx. Total Expense:
52,261.25
Approx. Total Income:
160,241.40
Laundry, Storage
11 fridges, 11 stoves
Golf Course, Park, Playground, Recreation Center, School Bus Service, Shopping, Place of Worship
Data was last updated January 13, 2025 at 09:20 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$499,900
Min list price:
$74,900
Max list price:
$2,900,000
Avg days on market:
47
Min days on market:
5
Max days on market:
425
These statistics are generated based on the current listing's property type
and located in
104-Truro / Bible Hill. Average values are
derived using median calculations.