24 Louise Street Truro, Nova Scotia B2N 3K2
$2,350,000
Presenting: 24 Louise St, together with the neighbouring property at 20 Louise (triplex), forms a rare investment opportunity in the heart of downtown Truro! This 15 unit building with an approved development agreement for a 16th unit that is mostly finished (well will not be finishing for closing) offers a fantastic opportunity for investors seeking long term rental income in a high-demand area. Located between Prince and Queen street, it's within walking distance to shops, restaurants, and amenities, this property ensures consistent tenant demand and long-term value. 20 and 24 Louise together produce gross potential rental income, based on full occupancy, of approximately $250,000/year making this an attractive addition to the savvy investor's portfolio. As an added benefit, with management already in place, a new owner can simply take over and enjoy the benefits of owning 2 great properties in Truro's thriving downtown! Detailed financials available upon request with a signed Non-Disclosure Agreement. Please Note: 20 and 24 Louise MUST be sold together. 615 Prince is also available from the same owner and the owner would place value on a buyer purchasing all three properties at the same time. (id:45785)
Property Details
| MLS® Number | 202506154 |
| Property Type | Multi-family |
| Community Name | Truro |
| Amenities Near By | Golf Course, Playground, Shopping, Place Of Worship |
| Community Features | Recreational Facilities, School Bus |
Building
| Appliances | Stove, Refrigerator |
| Exterior Finish | Steel |
| Flooring Type | Laminate, Vinyl |
| Foundation Type | Concrete Perimeter |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Gravel | |
| Shared |
Land
| Acreage | No |
| Land Amenities | Golf Course, Playground, Shopping, Place Of Worship |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.0826 |
| Size Total | 0.0826 Ac |
| Size Total Text | 0.0826 Ac |
https://www.realtor.ca/real-estate/28089295/24-louise-street-truro-truro
Contact Us
Contact us for more information
Andrew Keddy
https://andrewkeddy.com/
16 Young Street
Truro, Nova Scotia B2N 3W4
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April 13 2025 03:46:20
Nova Scotia Association of REALTORS®
Royal LePage Truro Real Estate