Amazing Truro investment opportunity! What a great way to get into real estate investment in the Truro Market (a much more affordable way to buy investment properties outside of Halifax). 5 Victoria Street features 4 spacious one bedroom apartments, currently all rented. Heat is included in the rent and 2 units have their power included (one unit currently rented well below market, room to improve revenue). This fall there is a new roof and new hot water heater and most windows are only 3 years old. Many large capital expenses have been replaced. These units are located right downtown, close to many amenities including NSCC and decent proximity to the hospital and highway. Time to build wealth through owning real estate and this one is a great start. The seller will consider a vendor take back loan on the right offer.
Willow St to Victoria St, near corner
Listing Sub-Area:
104-Truro / Bible Hill
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
38 X 42
Lot Size:
5,850 sq. ft.543 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
4
Year built:
1918
(Age: 107)
Age:
106
Exterior Finish:
Vinyl
Foundation:
Concrete, Stone
Basement:
Full, Undeveloped
Floor Finish:
Hardwood, Laminate, Linoleum, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Oil
Parking:
Yes
Parking Description:
Paved, Gravel
Driveway:
Dirt, Paved
Water Supply:
Municipal
Water And Sewage:
1388
Sewer:
Municipal
Num Units:
4
Num 1 Bed Units:
4
# Of Dryers:
1
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
1
Rental Income:
52488
Approx. Net Income:
30933
Insurance Expense:
3333
Taxes Costs:
4832
Snow / Garbage Collection:
845+1030=1875
Heating Bill:
7,763
Electricity Bill:
2364
Approx. Total Expense:
21555
Approx. Total Income:
52488
4 refrigerators, 4 stoves, 1 washer and 1 dryer
Tenants belongings
Golf Course, Park, Playground, Recreation Center, Shopping, Place of Worship
Data was last updated July 7, 2025 at 03:20 PM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$509,900
Min list price:
$99,000
Max list price:
$3,000,000
Avg days on market:
79
Min days on market:
5
Max days on market:
292
Avg price per sq.ft.:
$262.05
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.