24 Louise Street
104-Truro / Bible Hill
Truro
B2N 3K2
$2,350,000
Multi-Family
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202506154
- Photos (16)
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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.
- 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:
- 3,598 sq. ft.334 m2
- 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
Larger map options:
Listed by Royal LePage Truro Real Estate
Data was last updated April 24, 2025 at 05:20 PM (UTC)
Area Statistics
- Listings on market:
- 39
- Avg list price:
- $499,900
- Min list price:
- $225,000
- Max list price:
- $3,600,000
- Avg days on market:
- 86
- Min days on market:
- 2
- Max days on market:
- 473
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.
- JF MACIVOR
- PROPERTIES & APPRAISALS LTD
- 1 (902) 755-4250
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