Located in the heart of downtown, this well-maintained multi-unit property offers exceptional walkability to shops, restaurants, and key amenities making it an ideal investment opportunity. The building features three 1-bedroom units and one spacious 4-bedroom, 2-bath unit on the main floor (currently vacant), providing flexibility for owner-occupancy or strong rental potential. Significant upgrades were completed in early 2020, including updated electrical, new hot water tanks, baseboard heaters, and updated plumbing (excluding the main stack). The property also benefits from four renovated bathrooms, three updated kitchens, and substantial improvements to living spaces throughout. Parking is available for 4 vehicles, with an additional 2 spaces secured through an existing land lease arrangement with the neighbouring church. A prime opportunity in a highly desirable downtown location, offering strong rental appeal and long-term investment potential.
Property just off Queen Street on the corner of Lorne & Queen street.
Listing Sub-Area:
104-Truro/Bible Hill/Stewiacke
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
54x34
Lot Size:
5,850 sq. ft.543 m2
Prop Size:
Under 0.5 Acres
# of Rental Units / Occupied:
3
Exterior Finish:
Wood Shingles
Foundation:
Stone
Basement:
Partially Developed
Floor Finish:
Hardwood, Laminate, Tile
Roof:
Asphalt Shingle
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Driveway:
Dirt, Multiple Driveways, Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
1138.08
Sewer:
Municipal
Num Units:
4
Num 1 Bed Units:
3
Num 4 Bed Units:
1
# Of Dryers:
2
# Of Fridges:
4
# Of Stoves:
4
# Of Washers:
2
Rental Income:
Yes, 51977
Laundry Income:
0
Other Income:
0
Approx. Net Income:
36493.24
Insurance Expense:
2400
Taxes Costs:
9645.68
Other Costs:
2300
Approx. Total Expense:
15483.76
Approx. Total Income:
51977
Air Conditioning
Golf Course, Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Ski Hill, Place of Worship, Beach
Data was last updated March 21, 2026 at 07:20 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$434,900
Min list price:
$195,000
Max list price:
$825,000
Avg days on market:
119
Min days on market:
1
Max days on market:
521
These statistics are generated based on the current listing's property type
and located in
104-Truro/Bible Hill/Stewiacke. Average values are
derived using median calculations. This data is not produced by
the MLS® system.