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Sean Watt

seanrwatt@gmail.com +1(902) 220-7326

Listed by Don Mccooeye • Royal LePage Atlantic (Enfield)

$399,900

Est. payment - /mo

4 Beds

7,479 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 202615270

Bedrooms 4

HOA Y/N No

Year Built 1905

Lot Size 7,479 Sqft

Acres 0.1717

Property Sub-Type Quadruplex

Source Nova Scotia

Property Description

Welcome to 87 Park Street, a solid and income-producing 4-unit building in the heart of Truro. Featuring 4 one-bedroom units, this well-maintained building is an excellent opportunity for investors seeking a reliable rental property in a strong rental market. Two units received 1 kitchen and 2 bathroom renovations in 2022, offering an updated touch. All four apartments are currently occupied by great long-term tenants. Each unit is heated with oil-fired hot water baseboard heating, supported by an oil-run hot water tank, and enhanced with individual ductless heat pumps for year-round efficiency and tenant comfort. The combination of systems ensures reliable heating in the winter and the added bonus of cooling in the summer. Each unit comes equipped with a fridge and stove, (all included in the sale). There is no on-site laundry, but tenants use nearby laundromats. Upgrades in the last 5 years include - new back decks to all 4 units, new metal roof, heat pumps in all units, and a new hot water tank and furnace in 2020. The property's central location is a major draw, within walking distance to schools, shopping, dining, and the downtown core. Tenants enjoy the convenience of nearby amenities and public transit, while commuters benefit from quick access to Highway 102. With strong rental demand for one-bedroom units, recent updates, and dependable tenants already in place, this property offers both steady cash flow and future growth potential. 87 Park Street is a smart long-term investment. Book your showing today.

Location

Province NS

County Colchester

Area 104-Truro / Bible Hill

Zoning R2

Region Northern Region

City Region Northern Region

Rooms

Basement Crawl Space

Bedroom 2 7, 702

Kitchen 2, 546

Interior

Heating Forced Air, Furnace, Ductless, Hot Water

Flooring Ceramic Tile, Hardwood, Laminate

Inclusions 4 Stoves, 4 Refrigerators

Equipment No Rental Equipment

Fireplace No

Appliance Stove, Refrigerator

Exterior

Community Features Park, Playground, Near Public Transport, Recreation Center, School Bus Service, Shopping, Place of Worship

Utilities Available Electricity Connected

View Y/N No

Roof Type Metal

Garage No

Private Pool No

Building

Lot Description Under 0.5 Acres

Foundation Stone

Sewer Municipal

Water Municipal

New Construction No

Schools

Elementary Schools Truro Elementary School

Middle Schools Truro Junior High School

High Schools Cobequid Educational Centre

Others

Ownership Freehold

ParcelsYN No

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Sean Watt

+1(902) 220-7326

Agent | N13318

Agent N13318

87 Park St Truro, NS B2N 3J5

Sean Watt

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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