For Sale: 87 Park Street, Truro, NS

About this home

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 propertys 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. (id:63626)

Listed by: Don McCooeye, Royal LePage Atlantic (Enfield)

Home facts and features

Price details

List Price

$399,900

Home facts

Bedrooms

Full Bathrooms

Parking Details

Gravel, Shared

Property Type

Multifamily

Lot Size

7479 ft²

Depth

Year Built

Built in 1905 (121 yrs old)

Title

Freehold

Exterior Finish

Vinyl

Heating Type

Heat Pump, Forced air, Oil, Electric, Hot Water, Ductless, Furnace

Basement Details

Crawl space

Appliances

Refrigerator, Stove

Agent details

Primary Agent

Don McCooeye

Primary Broker

Royal LePage Atlantic (Enfield)

Secondary Agent

Jamie McCooeye

Secondary Broker

Royal LePage Atlantic (Enfield)

Listing details

Days on REW

30 Days

MLS® Number

202615270

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 123km

Port Elgin Regional School

n/a
K - 8
In Catchment

Marshview Middle School

n/a
5 - 8
In Catchment

Salem Elementary School

n/a
K - 4
In Catchment

Sackville Christian Academy

n/a
K - 12
In Catchment

Tantramar Regional High School

n/a
9 - 12
In Catchment

Dorchester Consolidated School

n/a
K - 8
In Catchment

Riverside Consolidated School

n/a
K - 5
In Catchment

École Abbey-Landry

n/a
K - 8
In Catchment

École Donat-Robichaud

n/a
K - 8
In Catchment

Hillsborough Elementary School

n/a
K - 5
In Catchment

87 Park StreetTruro, NS, B2N 3J5