1 Queen Street Truro, Nova Scotia B2N 2A7
$825,000
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 (id:45785)
Property Details
| MLS® Number | 202600139 |
| Property Type | Multi-family |
| Community Name | Truro |
| Amenities Near By | Golf Course, Park, Shopping, Place Of Worship |
| Community Features | Recreational Facilities |
Building
| Appliances | Cooktop - Electric, Oven - Electric, Range - Electric, Dryer - Electric, Washer, Microwave, Refrigerator |
| Basement Type | Full |
| Exterior Finish | Vinyl |
| Flooring Type | Carpeted |
| Foundation Type | Block |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Golf Course, Park, Shopping, Place Of Worship |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.1198 |
| Size Total | 0.1198 Ac |
| Size Total Text | 0.1198 Ac |
https://www.realtor.ca/real-estate/29214731/1-queen-street-truro-truro
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Wil Walusimbi
16 Young Street
Truro, Nova Scotia B2N 3W4
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January 08 2026 09:10:11
Nova Scotia Association of REALTORS®
Royal LePage Truro Real Estate