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1 Queen Street
104-Truro/Bible Hill/Stewiacke Truro B2N 2A7

$825,000
Multi-Family

Main Photo: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 1: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 2: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 3: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 4: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 5: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 6: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 7: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 8: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 9: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 10: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 11: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Photo 12: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
202600139
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
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.
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, 53400
Approx. Net Income:
36860
Insurance Expense:
2900
Taxes Costs:
10,000
Maintenace:
1440.0
Snow / Garbage Collection:
1200
Electricity Bill:
1000
Approx. Total Expense:
16540
Approx. Total Income:
53400
Apt Conforming, Laundry
Golf Course, Park, Recreation Center, Shopping, Place of Worship
Cooktop - Electric, Oven - Electric, Range - Electric, Dryer - Electric, Washer, Microwave, Refrigerator
None
None
No
Assessment:
265600.0
Assessment Year:
2025
Zoning:
DC
Possession Info:
Negotiable
  • Photo 1: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 2: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 3: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 4: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 5: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 6: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 7: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 8: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 9: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 10: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 11: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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  • Photo 12: 1 Queen Street in Truro: 104-Truro/Bible Hill/Stewiacke Multi-Family for sale (Northern Region)  : MLS®# 202600139
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Virtual Tour

Listed by Royal LePage Truro Real Estate
Data was last updated January 10, 2026 at 03:20 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$482,450
Min list price:
$279,000
Max list price:
$3,600,000
Avg days on market:
94
Min days on market:
7
Max days on market:
450
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