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1 Queen Street
104-Truro/Bible Hill/Stewiacke
Truro
B2N 2A7
$825,000
Multi-Family
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- 202600139
- Photos (12)
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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
- 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.485 m2
- 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
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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
- PROPERTIES & APPRAISALS LTD
- 1 (902) 755-4250
- Contact by Email


