Luxury Homes
Nova Scotia
$399,900

87 Park Street

Truro Nova Scotia B2N 3J5

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Multi-family
MLS® 202615270
Listing Courtesy of Royal LePage Atlantic (Enfield)

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 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:56844)

ID:
202615270
Category:
Multi-family
Status:
Active
Lot:
0.1717 acres
MLS® Number:
202615270
Common Interest
Freehold
Parcel Number:
20184412
Year Built:
1905
Building Type:
Fourplex
Community Name:
Truro
Days On Market:
0
Community Features
  • School Bus
  • Recreational Facilities
Appliances
  • Refrigerator
  • Stove
Heating:
  • Heat Pump
  • Forced air
  • Oil
  • Electric
  • Hot Water
  • Ductless
  • Furnace
Foundationd Details:
  • Stone
Basement:
  • Crawl space
Exterior Features:
  • Vinyl
Flooring:
  • Hardwood
  • Laminate
  • Ceramic Tile
Parking Features:
  • Gravel
  • Shared
Structure Type:
  • Fourplex
Water Source:
  • Municipal water
Sewer:
  • Municipal sewage system
https://maps.app.goo.gl/N1gifXWQaJSpFFik8
Neighbourhood map for property at 87 Park Street
87 Park Street Truro
Provincial Map showing 87 Park Street
87 Park Street Truro

Inquire Today

Dawn Magee
Dawn Magee

902-277-0510 dawn@movenovascotia.com

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