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24 Louise Street in Truro: 104-Truro / Bible Hill Multi-Family for sale (Northern Region) : MLS®# 202506154

24 Louise Street Truro B2N 3K2 : 104-Truro / Bible Hill

  • $2,350,000
  • Multi-Family
  • MLS®#: 202506154
  • Status: Active
Presenting: 24 Louise St, together with the neighbouring property at 20 Louise (triplex), forms a rare investment opportunity in the heart of downtown Truro! This 15 unit building with an approved development agreement for a 16th unit that is mostly finished (well will not be finishing for closing) offers a fantastic opportunity for investors seeking long term rental income in a high-demand area. Located between Prince and Queen street, it's within walking distance to shops, restaurants, and amenities, this property ensures consistent tenant demand and long-term value. 20 and 24 Louise together produce gross potential rental income, based on full occupancy, of approximately $250,000/year making this an attractive addition to the savvy investor's portfolio. As an added benefit, with management already in place, a new owner can simply take over and enjoy the benefits of owning 2 great properties in Truro's thriving downtown! Detailed financials available upon request with a signed Non-Disclosure Agreement. Please Note: 20 and 24 Louise MUST be sold together. 615 Prince is also available from the same owner and the owner would place value on a buyer purchasing all three properties at the same time.
Area:
Northern Region
Location:
104-Truro / Bible Hill
City:
Truro
Postal/Zip Code:
B2N 3K2
Queen to Louise, property on right
Listing Sub-Area:
104-Truro / Bible Hill
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Building Dimenions:
30x98
Lot Size:
Switch units of measure3,598 sq. ft.
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
15
Exterior Finish:
Steel
Foundation:
Concrete
Basement:
Fully Developed
Floor Finish:
Laminate, Vinyl
Roof:
Steel
Heating:
Baseboard
Fuel:
Electric
Parking Description:
Limited parking
Driveway:
Gravel, Shared
Water Supply:
Municipal
Sewer:
Municipal
Num Units:
16
Num 1 Bed Units:
8
Num 2 Bed Units:
8
# Of Fridges:
16
# Of Stoves:
16
Rental Income:
Yes, 208,242.36
Approx. Total Income:
208,242.36
Golf Course, Playground, Recreation Center, School Bus Service, Shopping, Marina, Place of Worship
Stove, Refrigerator
None
None
No
Zoning:
UC
Possession Info:
Negotiable
Listed Date:
Days on Mkt:
Listed by Royal LePage Truro Real Estate
EXIT Realty Town & Country
Data was last updated April 27, 2025 at 01:20 AM (UTC)
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