1019 Prince Street Active Save Request In-Person Tour Request Virtual Tour
Truro,NS B2N1H7
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Truro
MLS Listing ID 202425951
Originating Board Nova Scotia Association of REALTORS®
Year Built 1993
Lot Size 0.666 Acres
Acres 29015.316
Property Sub-Type Freehold
Property Description
1019 Prince Street is a 2-storey mixed-use building containing a total of 5 units - 3 commercial units over 2 floors both at grade and below grade level and 2 large 2 bedroom residential units on the top floor. The building is wood frame construction and built in 1993 with upgrades to the roof and heating system in 2006 and 2019. Heating and cooling is by oil fired boiler, mini-split heat pumps in the commercial units and electric baseboard heating in the residential units. Each of the commercial units are in good overall condition with strong tenants. The residential units both very large 2 bedroom units with a large living room area, kitchen, in suite washer/dryer and large kitchen with 3 appliances. Currently operating at a 9.02 Cap Rate. Truro is known as the Hub of Nova Scotia as it is located at the junction between the Canadian National Railway, running between Halifax and Montreal. Truro is gaining in importance as a logistics and regional centre and is home to Dalhousie Agricultural College, and NSCC Truro Campus which brings ±1,000 students to the city annually. The current population of over 12,000 is continuing to grow and there are a multitude of new multi-residential rental suites under construction and planned to accommodate this growth. (id:24570)
Location
Province NS
Interior
Cooling Heat Pump
Flooring Concrete,Wood
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Private Pool No
Others
Ownership Freehold