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$ 699,000
Est. payment | /mo
0.38 Acres Lot
$ 699,000
Est. payment | /mo
0.38 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Bible Hill
MLS® Listing ID 202614609
Year Built 1923
Lot Size 0.384 Acres
Acres 0.3845
Property Sub-Type Freehold
Property Description
An Exceptional Development & Investment Opportunity in the Heart of Truro. What truly sets this opportunity apart is the forward thinking vision already in place. The current owners have commissioned architectural plans for a proposed 19 unit residential development with dedicated commercial space, offering investors and developers a head start on unlocking the site's full potential. Whether your strategy is to hold for cash flow, redevelop immediately, or pursue a phased development approach, this property provides exceptional flexibility and upside. Positioned on a high-visibility corridor and just minutes from downtown, 12 & 14 Pictou Road offers a rare chance to acquire an income-producing asset with significant future development potential. This unique offering consists of two multifamily duplexes featuring a total of four residential units, including two 3-bedroom units and two 2-bedroom units, providing immediate rental income while future plans are advanced. Strategically located within walking distance of Dalhousie University's Agricultural Campus, Truro Mall, downtown amenities, restaurants, and public transit, the property benefits from strong rental demand and excellent long term growth prospects. Additional features include ample on-site parking and an 18' x 22' garage, further enhancing the property's functionality and value. As Truro continues to experience growth and revitalization, opportunities of this scale, location, and development potential are becoming increasingly difficult to find. Secure your position in one of Nova Scotia's growing markets and explore the possibilities that 12 & 14 Pictou Road has to offer. (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Furnace, Heat Pump, Ductless, ,
Flooring Hardwood, Laminate, Linoleum, Tile, Vinyl Plank
Exterior
Parking Features No
Community Features Recreational Facilities, School Bus
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Royal LePage Atlantic
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Nest Real Estate Group
Real Estate Team | License ID: 139039