Property Description
Amazing investment opportunity in the heart of Truro! 5 Victoria Street offers a solid and affordable entry into the Nova Scotia rental market, featuring four spacious one-bedroom units, all currently rented with an annual gross income of $60,480. Major updates are already done, including a new roof (2024), new hot water heater, updated decks, newer windows, and refreshed upper units with new paint, lighting, and hardware, new bathroom in one of the upper units too. The updates in the upper units in December 2025, have contributed to significant increases in rental income. With heat included, 2 units including power, and one unit rented below market, theres clear upside for future revenue growth. 3 of the 4 units have newer tenants contributing to solid financial gains in income. Located downtown near NSCC, the hospital, and quick highway access, this is a smart, turnkey property with long term potential, an excellent way to start or grow your real estate portfolio. (id:63357)
Property Details
- Property Type
- Detached
- Year Built
- 1920
- Status
- Active
Location & Neighborhood
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