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1019 Prince Street

Truro, NS B2N 1H7
  • $775,000
  • STATUS: Active Under Contract
  • ON SITE: 103 Days
  • MLS #: 202425951
Under Contract
$775,000
  • 0
    BEDS
  • 0.67
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,300
    SQFT
  • $106
    $/SQFT
Neighbourhood:
Type:
Commercial
Built:
1993
Municipality:

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.

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NSAR IDX Reciprocity listings are displayed in accordance with NSAR's IDX Agreements and property information is provided under copyright © by the Nova Scotia Association of REALTORS®. The above information is from sources deemed reliable but it should not be relied upon without independent verification.
Data last updated: 2025-02-16T00:35:36.243.
www.halifaxareahomesforsale.com/homes/157507573
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1019 Prince Street Truro, NS B2N 1H7

  • Price: $775,000
  • Status: Active Under Contract
  • On Site: 103 Days
  • MLS #: 202425951
0
Beds
0
Baths
0
½ Baths
0.67
Acres
7,300
SQFT
$106
$/SQFT
1993
Built
Neighbourhood:
Northern Region
Municipality:
Colchester
Area:
Northern Region
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.
Exterior Features

Construction Materials Wood Frame Garage YN No Lot Features 0.5 to 0.99 AcresNear Public TransitShopping Nearby Open Parking YN Yes Other Parking Parking Details(26 Paved Surface Parking) Parking Features DrivewayParking Spaces(s)Paved Road Frontage Type High Traffic Location Roof Asphalt Waterfront YN No

Interior Features

Below Grade Finished Area Units Square Feet Building Area Total 7300 Cooling Air Conditioning Cooling YN Yes Flooring ConcreteWood Heating BaseboardFurnaceHeat PumpDuctlessHot Water Heating YN Yes

Property Features

Additional Parcels YN No Area Major 104-Truro / Bible Hill Area Minor N/A Building Features Outside StorageLiving Accommodations Business Type MedicalProfessional/OfficeResidential Electric On Property YN Yes Gas Oil New Construction YN No Other Equipment No Rental Equipment Ownership Freehold Possession Negotiable Property Sub Type Retail Rental Income Yes Security Features Smoke Detector(s) Utilities ElectricCable ConnectedElectricity ConnectedWater ConnectedPhone Connected Water Source Municipal Zoning RS - Regional Service Zone

Listing information © 2025 Nova Scotia Association of Realtors.
Listing provided courtesy of Keller Williams Select Realty (Branch).


NSAR IDX Reciprocity listings are displayed in accordance with NSAR's IDX Agreements and property information is provided under copyright © by the Nova Scotia Association of REALTORS®. The above information is from sources deemed reliable but it should not be relied upon without independent verification.
Data last updated: 2025-02-16T00:35:36.243.
 
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1959 Upper Water St. Tower 1, Suite 1301
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