63 Lots on 22.5 Acres - This well established mobile home park in Onslow, just outside Truro, Nova Scotia, presents a fantastic investment opportunity with a steady annual income of over $117,000. Founded in the 1970s, the park features 63 developed lots, offering long term, reliable rental income. With paved roads, established streets, municipal sewer, and a drilled well, the property is low maintenance and well equipped for the needs of its residents. Additionally, the land sits on 22.5 acres, and has potential for future expansion, allowing for the development of additional lots to further increase the income potential. The park is home to a stable mix of long term tenants, providing a reliable cash flow with minimal turnover. Its location is a real highlight - just minutes from Truro, offering the peace of rural living with easy access to town amenities. This mobile home park combines strong financial performance, established infrastructure, and an ideal location in Colchester County, making it a great choice for investors looking for a solid, income producing property. Call your agent today to view.
Just past Onslow Junior High on the right is Board Landing Road.
Listing Sub-Area:
104-Truro / Bible Hill
Property Type:
Multi-Family
Multi-Family Type:
Over 12 Units
Title To Land:
Freehold
Building Dimenions:
N/A
Lot Size:
22.5 acre(s)9.11 hectare(s)
Prop Size:
10 to 49.99 Acres
# of Rental Units / Occupied:
63
Exterior Finish:
Other
Foundation:
Other
Basement:
Other
Floor Finish:
Other
Roof:
Other
Heating:
Other
Fuel:
Other
Garage Description:
N/A
Parking:
Yes
Parking Description:
Parking Available For Each Mobile Home
Driveway:
Paved
Water Supply:
Drilled Well
Water And Sewage:
-
Sewer:
Municipal
Num Units:
63
Rental Income:
Yes, 117,144
Laundry Income:
-
Other Income:
-
Approx. Net Income:
77489.07 - Maintenance
Insurance Expense:
7,020.35
Taxes Costs:
13,122.32
Other Costs:
3,270.11 (Utilities)
Management expense:
10,867.79
Snow / Garbage Collection:
5374.73
Heating Bill:
-
Electricity Bill:
-
Approx. Total Expense:
39654.93 + Maintenance
Approx. Total Income:
117,144
Golf Course, Playground, Public Transit, Recreation Center, School Bus Service, Beach
Data was last updated December 27, 2024 at 05:20 PM (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:
72
Min days on market:
8
Max days on market:
408
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.