This well-maintained 18-unit property package in Truro, Nova Scotia offers an excellent investment opportunity. Comprising three identical buildings, each with 6 units, the package features a total of 15 two-bedroom apartments and 3 one-bedroom units. Each building includes five 2-bedroom units and one 1-bedroom unit. With the layout and design being identical across all buildings, the property is easy to manage and offers consistent rental potential. All units are heated with oil hot water baseboard heating, and each building is separately metered with 7 power meters. As of today, the property is on track to generate just over $201,000 in annual income. The vacant 2-bedroom unit is being advertised for $1,600 per month, and with full occupancy, if rented, the property would be on track to generate over $220,000 in annual income. Located less than 10 minutes from Dalhousie University’s Agricultural Campus and Downtown Truro, this property offers excellent proximity to key amenities, making it an attractive option for renters. Whether you're looking to expand your portfolio or invest in a well-positioned, income-generating property, this 18-unit package presents a fantastic opportunity.
NS 102 to exit 13 McClures Mill Rd/Truro Heights Connector Rd. Continue on McClure's Mill Rd to Curtis Dr.
Listing Sub-Area:
104-Truro / Bible Hill
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Building Dimenions:
34 x 48
Lot Size:
0.959 acre(s)0.39 hectare(s)
Prop Size:
0.5 to 0.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
18
Exterior Finish:
Brick, Vinyl
Foundation:
Concrete
Basement:
Full, Fully Developed
Floor Finish:
Carpet, Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard, Hot Water
Fuel:
Oil
Garage Description:
N/A
Parking:
Yes
Parking Description:
Paved Parking with Multiple Spots
Driveway:
Parking Spaces(s), Paved, Shared, Other
Water Supply:
Municipal
Water And Sewage:
7234.34
Sewer:
Municipal
Num Units:
18
Num 1 Bed Units:
3
Num 2 Bed Units:
15
# Of Dishwashers:
0
# Of Dryers:
3
# Of Fridges:
18
# Of Microwaves:
0
# Of Stoves:
18
# Of Washers:
3
Rental Income:
Yes, 201276.00 +1 Vacant
Laundry Income:
639.21
Other Income:
-
Approx. Net Income:
99,107.16 - Maintenance
Insurance Expense:
13,891.32
Taxes Costs:
20,509.11
Other Costs:
-
Management expense:
15,984.12
Snow / Garbage Collection:
1,366.44
Heating Bill:
33,200.40
Electricity Bill:
10,622.11
Approx. Total Expense:
102,807.84 + Maintenance
Approx. Total Income:
201,915.00 +1 Vacant
Laundry
Appliances
Tenant Belongings
Golf Course, Playground, Public Transit, Recreation Center, School Bus Service, Beach
Data was last updated December 27, 2024 at 01:20 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$499,900
Min list price:
$90,000
Max list price:
$2,900,000
Avg days on market:
71
Min days on market:
7
Max days on market:
407
These statistics are generated based on the current listing's property type
and located in
104-Truro / Bible Hill. Average values are
derived using median calculations.