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Residential Income For Sale

0.12 Acre - 1 Queen Street, Truro, NS B2N 2A7

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Property Description

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

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 202600139
Price : C$825000
Bedrooms : 7
Lot Area : 0.12 Acre
Status : Active
Listing Status : ACTIVE
Property Sub Type : Triplex
Roof : Asphalt
Features
Heating System : Baseboard
Basement : Full
Parking : Dirt
Utilities : Electricity Connected
Sewer : Municipal
Laundry Features : Laundry
Flooring : Carpet
Appliances
Appliances : Dryer, Microwave, Refrigerator, Washer, Electric Range, Electric Cooktop, Electric Oven, Dryer - Electric, Stove
Address Map
Location Text : 1 Queen Street, Truro, NS B2N 2A7
County : Colchester
City : Truro
Postal Code : B2N 2A7
Street : Queen
Street Number : 1
Street Suffix : Street
Longitude : W64° 42' 47.3''
Latitude : N45° 22' 1.5''
Directions : Queen Street 1
Mls Area Major : 104-Truro / Bible Hill
Zoning : DC
Property Details
Price Per SQFT : $ 0
Search Price : $ 0
Office Name : Royal LePage Truro Real Estate
Agent Name : Wil Walusimbi
Sales History
Previous Price : $ 0
Original Price : $ 0
Selling Price : $ 0
Neighborhood Details
:
Additional Information
Water Source : Municipal
Number Of Units Total : 4
Lot Features : Under 0.5 Acres
Foundation Details : Block
Construction Materials : Vinyl Siding
Community Features : Park, Golf, Recreation Center, Shopping, Place of Worship
Listing Information
List Agent Mls Id : NS24328
List Office Mls Id : N7268
Mls Status : ACTIVE
Modification Timestamp : 2026-01-05T20:05:36Z
Originating System Name : NSAR
Residential Income For Sale
  • Listing ID : 202600139
  • Bedrooms : 7
  • Lot Area : 0.12 Acre
  • Visits : 4 in 3 days
C$825000
Agent info
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