24 Louise Street, Truro, Nova Scotia B2N 3K2

Listed for:
$2,150,000
0 beds
0 baths
Listed 60 days ago
Apartment for rent: 24 Louise Street, Truro, Nova Scotia B2N 3K2

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Learn more about this property
Listing provided by:
Royal LePage Truro Real Estate
MLS® number:
202506154
Agent:
Andrew Keddy
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About

Queen to Louise, property on right 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:27476)

Property Highlights

MLS® Number
202506154
Type
Multi-family
Community Name
Truro
Ownership Type
Freehold
Land Size
0.0826 ac

Building

Building Type
Apartment
Amenities
Golf Course, Playground, Shopping, Place of Worship
Exterior Finish
Steel
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location