Name: 87 Park Street, Truro | MLS® 202524511
SKU: 202524511
Price: 429900.0 CAD
Availability: InStock

$429,900 Sale

Listed 2 hours ago

87 Park Street

MLS® 202524511 Fourplex

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Date:

Beds · 0

Baths · 0.0

Parking · 0

Sqft · -

Est. mortgage

$1,631/mo

Key Facts

Key facts for 87 Park Street

Property Type

Apartment, Fourplex

Parking

Garage: No, 0 parking

MLS #

202524511

Size

Basement

Crawl space

Listed on

Lot size

Tax

Days on Market

Year Built

1905

Maintenance Fee

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 bathr...oom renovations in 2022, offering an updated touch. Of the four apartments, three are currently occupied by great long-term tenants, while one unit is 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:10452)

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Full Property Details

Interior

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Flooring Type

Ceramic Tile, Hardwood, Laminate

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Flooring Type

Ceramic Tile, Hardwood, Laminate

Exterior

Acreage

0.1717 ac

Parking Spaces

Garage Spaces Y/N

Land Amenities

Golf Course, Park, Playground, Public Transit, Shopping, Place of Worship

Acreage

0.1717 ac

Parking Spaces

Garage Spaces Y/N

Land Amenities

Golf Course, Park, Playground, Public Transit, Shopping, Place of Worship

Building Description

Style

Fourplex

Home Type

Apartment

Subtype

Fourplex

Year Built

1905

Exterior

Vinyl

Sewers

Municipal sewage system

Water Supply

Municipal water

Style

Fourplex

Home Type

Apartment

Subtype

Fourplex

Year Built

1905

Exterior

Vinyl

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Truro

Area Code

Truro

Features

Recreational Facilities, School Bus

Community

Truro

Area Code

Truro

Features

Recreational Facilities, School Bus

Ian Hocking

Email: [email protected] Cell: 705 252 7939