Well-located mixed-use building at 1 Queen Street in downtown Truro, offering excellent visibility and strong commercial potential. This revenue property features three fully occupied residential units (one 3-bedroom and two 2-bedroom apartments) with tenants responsible for their own utilities. Two main-floor commercial spaces front Queen Street, with one currently leased and the other vacant—presenting a clear value-add opportunity for investors or owner-operators. Recent upgrades include vinyl windows, updated flooring, and efficient ductless heat pumps. Conveniently located near shopping, services, public parking, and high foot traffic, this asset is well suited for long-term investment or owner occupancy. Financials and leases available upon request.
Queen Street 1
Listing Sub-Area:
104-Truro/Bible Hill/Stewiacke
Property Type:
Multi-Family
Multi-Family Type:
Triplex
Title To Land:
Freehold
Building Dimenions:
Irregular
Outside Dimenions:
Irregular
Lot Size:
5,218 sq. ft.485 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
Yes
# of Rental Units / Occupied:
3
Exterior Finish:
Vinyl
Foundation:
Block
Basement:
Full
Floor Finish:
Carpet
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Driveway:
Dirt
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
4
Num 2 Bed Units:
2
Num 3 Bed Units:
1
# Of Dryers:
1
# Of Fridges:
3
# Of Stoves:
3
# Of Washers:
1
Rental Income:
Unknown, 75300
Approx. Net Income:
58760
Insurance Expense:
2900
Taxes Costs:
10,000
Maintenace:
1440.0
Snow / Garbage Collection:
1200
Electricity Bill:
1000
Approx. Total Expense:
16540
Approx. Total Income:
75300
Apt Conforming, Laundry
Golf Course, Park, Recreation Center, Shopping, Place of Worship
Data was last updated May 8, 2026 at 09:20 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$439,000
Min list price:
$185,000
Max list price:
$825,000
Avg days on market:
91
Min days on market:
7
Max days on market:
301
These statistics are generated based on the current listing's property type
and located in
104-Truro/Bible Hill/Stewiacke. Average values are
derived using median calculations. This data is not produced by
the MLS® system.