1 Queen Street
104-Truro/Bible Hill/Stewiacke
Truro
B2N 2A7
$825,000
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- 202527836
- Bus Major:
- Other
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Well-located mixed-use building in the heart of downtown Truro offering immediate residential income with significant commercial upside. The property features three fully occupied residential units (one 3-bedroom and two 2-bedroom apartments) with tenants paying their own utilities, providing stable cash flow. The main floor includes two high-exposure commercial units fronting Queen Street, currently vacant, offering an excellent value-add opportunity for an investor or owner-user. One unit was previously leased at $2,500 + HST per month owner suggests a potential rental rate of approximately $2,000 + HST per month, subject to market conditions and lease terms., with strong demand for retail, office, or service-based uses in this high-traffic location. Recent updates include vinyl windows, flooring, and ductless heat pumps. The building benefits from excellent visibility, walkable amenities, public parking nearby, and flexible commercial zoning. Ideal for investors seeking a mixed-use asset with upside through commercial lease-up, or an owner-operator looking to occupy one unit while benefiting from residential income. Financials, leases are available upon request
- Prince street to Elm to Queen
- Listing Sub-Area:
- 104-Truro/Bible Hill/Stewiacke
- Property Type:
- Commercial
- Commercial Type:
- Commercial Retail
- Major Bus Type:
- Other, Residential Units
- Title To Land:
- Freehold
- Main Living Area:
- 1,656 sq. ft.154 m2
- Floor Area:
- 1,656 sq. ft.154 m2
- Building Dimenions:
- Irregular
- Prop Size:
- Under 0.5 Acres
- Lot Size:
- 5,218 sq. ft.485 m2
- Outside Dimenions:
- Irregular
- Zoning:
- DC
- Construction:
- Block
- New Constr.:
- No
- Parking:
- Yes
- Driveway:
- Dirt, Parking Spaces(s)
- Parking Description:
- 4-5
- # Floors:
- 2
- Floor Finish:
- Wood
- Roof:
- Asphalt Shingle
- Heating:
- Heat Pump -Ductless
- Fuel:
- Electric
- Water Supply:
- Municipal
- Utilities:
- Cable, Electrical, Municipal Water, Sewer, Telephone
- Shopping Nearby, Visual Exposure, High Traffic Location, Public Parking
- Air Conditioning, Laundry Facilities, Window Display
- None
- No
- Assessment:
- 265600.0
- Assessment Year:
- 2025
- Rental Income:
- Yes
- Net Income:
- 36860
- Gross Revenue:
- 53400
- Total Expenses:
- 16540
- Property Taxes Payer:
- Owner
- Heating Payer:
- Tenant
- Hydro Payer:
- Tenant
- Water Payer:
- Owner
- Insurance Payer:
- Owner
- Structural Maintenance Payer:
- Owner
- Exterior Maintenance Payer:
- Owner
- Interior Maintenance Payer:
- Owner
- Lease 1 - Net Rental Area:
- 3 Bedroom
- Lease 1 - Expiration Date:
- 01/07/26
- Lease 1 - Occupant:
- Occupied
- Lease 1 - Rental Rate:
- 1500
- Lease 2 - Net Rental Area:
- 2 Bedroom
- Lease 2 - Occupant:
- Occupied
- Lease 2 - Rental Rate:
- 1475
- Lease 3 - Net Rental Area:
- 2 Bedroom
- Lease 3 - Occupant:
- Occupied
- Lease 3 - Rental Rate:
- 1400
- Lease 4 - Net Rental Area:
- commercial space 1
- Lease 4 - Occupant:
- Vacant
- Lease 5 - Net Rental Area:
- commercial space 2
- Lease 5 - Occupant:
- vacant
- Possession Info:
- Negotiable
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Listed by Royal LePage Truro Real Estate
Data was last updated January 5, 2026 at 11:20 AM (UTC)
Area Statistics
- Listings on market:
- 16
- Avg list price:
- $447,450
- Min list price:
- $97,900
- Max list price:
- $2,495,000
- Avg days on market:
- 125
- Min days on market:
- 6
- Max days on market:
- 446
- Avg price per sq.ft.:
- $125.69
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.
- JF MACIVOR
- PROPERTIES & APPRAISALS LTD
- 1 (902) 755-4250
- Contact by Email


