87 Park St

For Sale 11 Days
$429,900
beds
baths

87 Park St

For Sale 11 Days
$429,900
beds
baths

Highlights

Key insights

Description

  • Time on Houseful
    11 days
  • Property type
    Multi-family
  • Lot size
    7,479 Sqft
  • Year built
    1905
  • Mortgage payment

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. Of the four apartments, two are currently occupied by great long-term tenants, while two units are vacant, providing immediate flexibility for new owners - either to rent at current market rates or to occupy themselves. 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:63267)

Donald McCooeye of Royal LePage Atlantic (Enfield),
#202524511
updated 6 days ago.
Houseful checked MLS® for data 6 days ago.

Home overview

Amenities / Utilities
  • Sewer/ septic
    Municipal sewage system
Interior
  • Flooring
    Ceramic tile, hardwood, laminate
Location
  • Community features
    Recreational facilities, school bus
  • Subdivision
    Truro
  • Directions
    2179013
Lot/ Land Details
  • Lot dimensions
    0.1717
Overview
  • Lot size (acres)
    0.17
  • Listing #
    202524511
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28922423/87-park-street-truro-truro
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-1,146

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25 Years fixed, 20% down payment, % interest
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