Overview
Description
Now available in the growing community of Truro Heights: a rare 24-unit apartment building offering both immediate income and long-term upside. This 3-storey, wood-frame walk-up features individual power meters for each unit, ample on-site parking, and a strong tenant base. With a gross potential rental income nearing $30,000/month ($360,000 annually), this property is already a solid performer. Even better? 16 of the 24 units have been recently updated, leaving room for additional value-add improvements. With rental demand strong in the area and an appraisal pointing to a much higher potential value than the current asking price, this is a golden opportunity for savvy investors. Whether you’re scaling your portfolio or stepping into multifamily ownership, this building is worth a closer look.
Contact us about this listing & It's History
Neighborhood Information
Truro Heights, NS
Truro Heights is a small community located in Nova Scotia, Canada. It is part of the larger city of Truro, which is known for its natural beauty and friendly locals. The city offers a peaceful, slow-paced environment that is perfect for families and retirees. The city is home to Victoria Park, a large natural area with a waterfall, numerous hiking trails, and a pool. Truro Heights and the surrounding areas are known for their rich history, which can be explored through the various museums and historic sites in the area.
However, being a small city, Truro Heights is not as bustling as larger cities and may not offer as many amenities and opportunities. While this makes it a peaceful and cozy place to live, it can also mean fewer job options and a lower pace of development.
70
Compared to other cities in the country, Truro Heights is a quaint and peaceful place to live, with a strong sense of community and a close connection to nature. Its slower pace may not be to everyone's liking, but for those who prefer quiet and simple living, it's a great choice. City score: 70.
Search Nearby Activities65
The schools in Truro Heights are part of the Chignecto-Central Regional Centre for Education. They are known for their focus on holistic education, providing students with a well-rounded learning experience. Compared to other cities in the country, the schools here offer a decent education but leave room for improvement. Schools score: 65.
Search Nearby Schools60
For entertainment, Truro Heights relies on the amenities provided by the larger Truro city. There are a few local bars and restaurants, and the nearby city of Truro offers more options such as movie theaters and shopping centers. While not as diverse as in larger cities, the entertainment options are satisfactory for a small city. Entertainment score: 60.
Search Nearby Restaurants85
Outdoor activities are where Truro Heights truly shines. Victoria Park offers a plethora of outdoor options, from hiking and bird watching to swimming and picnicking. The city's close proximity to nature makes it a fantastic place for outdoor enthusiasts. Outdoor activities score: 85.
Walk Score - 14%About Your Relator®
Jessica Mugford
Meet Jessica Mugford, a dynamic and enthusiastic Realtor® based in the heart of Sydney, NS. Born and raised in this picturesque coastal city, Jessica brings a deep-seated passion and a comprehensive understanding of the local market to her role. Her journey in real estate began at RE/MAX Park Place, where she served as an administrative professional specializing in contract review. This experience has provided her with invaluable insights into the industry, enhancing her expertise in managing real estate transactions with finesse.
Jessica's love for travel has broadened her perspective, allowing her to appreciate diverse lifestyles and housing needs, making her an ideal advisor for clients seeking to navigate the complexities of the real estate market. Coupled with her exceptional customer service skills, Jessica is committed to offering personalized and effective real estate solutions.
With deep rooted entrepreneurial ties to the community, Jessica has the foresight to recognize independent real estate opportunities, propose growth strategies and guide her clients through effective and efficient closing processes.
With Jessica Mugford, you can expect nothing less than a professional, tailored approach.
Phone: (902) 322-1684
Email: jessicamugford@remax.net
Office: Sydney
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Monthly mortgage and property tax payments are estimates for which we bear no responsibility.
Homeowners could also be subject to mortgage insurance premiums, homeowners insurance premiums, and other costs.
Property Details
| On Market Date | 2025-04-21T15:22:01.3 |
| Status | ACTIVE |
| Price | $3,600,000.00 |
| Neighborhood | Northern Region |
| Location | Lat: 45.355935, Lng: -63.317488 |
| Square Feet | 0.00 |
| Lot Size | 64,904.00 |
| Parking Features | Paved parking area in front |
| Heating | Baseboard,Heat Pump -Ductless |
| Cooling | Baseboard,Heat Pump -Ductless |
| Sewer | Municipal |
| Interior Features | Laundry |
| Roof | Asphalt Shingle |
| Flooring | Carpet,Laminate,Vinyl |
| Lot Features | 64904 |
| Community Features | Park,Playground,Recreation Center,School Bus Service,Shopping,Place of Worship |
| Association Fee | 0.00 |
| Assessments | 2079600 |
| Listing Office Name | 292 |
| Listing Agent | Andrew Keddy |
| Listing Agent Contact | andrewkeddy@royallepage.ca |
| MLS® | 202508353 |
No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.