This well established mobile home park, located just outside Truro in Salmon River, Nova Scotia, offers an excellent investment opportunity with a steady income stream and significant growth potential. Featuring 25 developed lots, including two vacant pads ready for new homes, the park provides immediate rental income while offering the opportunity to expand further. The property is well-maintained, with paved roads, municipal sewer, and a drilled well, ensuring minimal upkeep and reliable service for residents. The park currently enjoys stable, long term tenants, creating a consistent cash flow with low turnover. Additionally, the land has potential for future expansion, allowing for the development of additional lots to further increase the income potential. Located in the desirable Colchester County, just minutes from the amenities of Truro, this mobile home park offers the perfect blend of rural tranquility and convenient access to town services. With solid financial performance, established infrastructure, and room for growth, this property presents a promising opportunity for investors seeking a stable, income generating asset with future upside. Contact your agent today to explore this fantastic investment opportunity.
East Prince St to Matheson Dr. AND/OR Christina Lane.
Listing Sub-Area:
104-Truro / Bible Hill
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Building Dimenions:
-
Outside Dimenions:
-
Lot Size:
3.62 acre(s)1.46 hectare(s)
Prop Size:
3 to 9.99 Acres
# of Rental Units / Occupied:
23
Exterior Finish:
Other
Foundation:
Other
Basement:
Other
Floor Finish:
Other
Roof:
Other
Heating:
Other
Fuel:
Other
Garage Description:
-
Parking:
Yes
Parking Description:
Parking Available For Each Mobile Home
Driveway:
Gravel, Paved
Water Supply:
Drilled Well
Water And Sewage:
-
Sewer:
Municipal
Num Units:
25
Rental Income:
Yes, 57,798
Laundry Income:
-
Other Income:
-
Approx. Net Income:
47,021 - Maintenance
Insurance Expense:
1,200
Taxes Costs:
3,155.04
Other Costs:
645.03 (Utilities)
Management expense:
4,662.86
Snow / Garbage Collection:
1113.90
Heating Bill:
-
Electricity Bill:
-
Approx. Total Expense:
10,776.83 + Maintenance
Approx. Total Income:
57,798
Beach, Golf Course, Playground, Public Transit, Recreation Center
Data was last updated February 22, 2025 at 01:20 PM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$499,900
Min list price:
$239,900
Max list price:
$2,900,000
Avg days on market:
81
Min days on market:
25
Max days on market:
412
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.