Amazing investment opportunity in the heart of Truro! A solid & affordable entry into the Nova Scotia rental market, featuring four spacious one-bedroom units, all rented with annual gross income of $60,480. Major updates are done; including a new roof (2024), new hot water heater, updated decks, newer windows, and refreshed upper units with new paint, lighting, & hardware, new bathroom in unit 2, all in December 2025. Updates have contributed to significant increases in rental income. Heat included, 2 units include power & one unit rented below market, offering an upside for revenue growth. 3 of the 4 units have newer tenants contributing to solid financial gains in income. Located downtown near NSCC, the hospital, and quick highway access, this is a smart, turnkey property with long term potential, an excellent way to start or grow your real estate portfolio.
Willow St to Victoria St, near corner
Listing Sub-Area:
104-Truro/Bible Hill/Stewiacke
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:
1920
(Age: 106)
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:
754
Sewer:
Municipal
Num Units:
4
Num 1 Bed Units:
4
# Of Dryers:
1
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
1
Rental Income:
60480
Approx. Net Income:
40352.50
Insurance Expense:
3333
Taxes Costs:
4699
Snow / Garbage Collection:
1784 + 1656 =1875
Heating Bill:
6124.50
Electricity Bill:
1777
Approx. Total Expense:
20127.50
Approx. Total Income:
60480
4 refrigerators, 4 stoves, 1 washer and 1 dryer
Tenants belongings
Golf Course, Park, Playground, Recreation Center, Shopping, Place of Worship