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- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202427671
- Year Built:
- 1931
- Photos (2)
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This is an exceptional opportunity to invest in 19 units in a high demand market with the added advantage of future growth potential. The strong market demand in Truro for both residential and mixed us properties makes this an ideal investment for income generation. 101-105 Queen Street and 264-266 Queen Street. 11 rental units in 101-105 Queen Street and 8 rental units in 264-266 Queen Street. Total price: $2,900,000.00. 101-105 Queen Street has an additional lot offering potential for future expansion or redevelopment, up to 40 - 50 units. Queen Street, Truro - A prime location with high visibility and easy access to local amenities, businesses, and residential areas. Ideal for future development or rental income. 264-266 Queen Street - 8 units. A smaller but strategically location property, this building adds diversity to the package.
- Queen Street
- Listing Sub-Area:
- 104-Truro / Bible Hill
- Property Type:
- Multi-Family
- Multi-Family Type:
- 5 - 8 Unit
- Title To Land:
- Freehold
- Building Dimenions:
- 19.8x42.5 x 2 buildings
- Outside Dimenions:
- 19.5x42.5 x 2 buildings
- Lot Size:
- 4,365 sq. ft.
- Prop Size:
- Under 0.5 Acres
- # of Rental Units / Occupied:
- 8
- Year built:
- 1931 (Age: 94)
- Age:
- 93
- Exterior Finish:
- Vinyl
- Foundation:
- Concrete
- Basement:
- Full, Undeveloped
- Floor Finish:
- Laminate, Vinyl
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard
- Fuel:
- Electric
- Parking:
- No
- Driveway:
- None
- Water Supply:
- Municipal
- Water And Sewage:
- 1,620.55
- Sewer:
- Municipal
- Num Units:
- 8
- Num 1 Bed Units:
- 6
- Num 2 Bed Units:
- 2
- # Of Fridges:
- 8
- # Of Stoves:
- 8
- Rental Income:
- Yes, 105,216.00
- Approx. Net Income:
- 82,447.84
- Insurance Expense:
- 2,237.00
- Taxes Costs:
- 7,264.00
- Maintenace:
- 4145.0
- Snow / Garbage Collection:
- 1,200.00
- Electricity Bill:
- 6,301.61
- Approx. Total Expense:
- 22,768.16
- Approx. Total Income:
- 105,216.00
- Balcony
- 8 fridges, 8 stoves
- Golf Course, Park, Playground, Recreation Center, School Bus Service, Shopping, Place of Worship
- Stove, Refrigerator
- None
- None
- No
- Zoning:
- UC
- Possession Info:
- Negotiable
-
Photo 1 of 2 -
Photo 2 of 2
Listed by Coldwell Banker Open Door Realty Ltd.
Data was last updated March 14, 2025 at 05:20 PM (UTC)
Area Statistics
- Listings on market:
- 23
- Avg list price:
- $499,900
- Min list price:
- $225,000
- Max list price:
- $2,900,000
- Avg days on market:
- 99
- Min days on market:
- 18
- Max days on market:
- 432
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
- Contact by Email
