All listings are MLS® unless otherwise stated.

Listings » 25 Dominion Street

$595,000.00

25 Dominion Street

MLS®: 201828243


Property Features

  • Listing Price $595,000.00
  • Listing Type(s) Income
  • Address 25 Dominion Street
  • Location Truro, NS B2N 3N9
  • Lot Size 8,400 sq ft
  • House Size 52x37+32x20
  • MLS® 201828243
  • PID # 20181897
  • REALTOR® Bruce Berry
    902-890-7090
  • Listing Status None
  • Units 14

Serious investors are invited to consider this recently upgraded 14 unit apartment building at the heart of Truro’s downtown core. With the aid of a forgivable and transferable second mortgage five years ago from Community Services, the owners contracted with Global Construction to make many major improvements to the property. These included new siding, new roof, new windows, new bathrooms, fireproof apartment doors, new fire alarm system and fire escape, new electrical improvements, and installation of additional support to the floors and exterior walls. A separate entrance to the basement was added, as was a security foyer for the tenants and their guests. There is a live-in building superintendent who handles the day to day activities, collects and deposits the rents, maintains the cosmetic appearance of the exterior, and supervises the tenant activities to ensure a quiet, peaceful environment. There is paved parking for at least 7 vehicles, and an adjacent public parking lot for guests.

All of the 14 units are one bedroom apartments, including an accessible unit at the rear of the building. It is a low-income facility, and is 100% occupied at the time of listing. All apartments have a fridge and stove, and there is a secure laundry room at the back, currently not in use at the time of listing. The heating is by oil hot water furnace, and a new fibreglass tank has just been added in the last few months. The breakdown of the income and expense figures is an average of the past two years figures. In order to avoid fruitless disruptions to the tenants and superintendent, viewings of the building interior and details regarding the Community Services RAP program arrangement are only available to qualified buyers after a confidentiality agreement and proof of financial capacity for the necessary down payment has been received by the listing agent from a buyer or their agent. A representative of the buildings owner would also like to be present for any viewings to answer questions and expand on any details not covered in the listing information. Please allow at least 48 hours notice for showings.
Bruce Berry
REALTOR®
Bruce's 'fine' touch to details makes him picture perfect for the job.
bberry@remax.net
902-890-7090 - (cell)
902-893-0255 - (fax)
902-893-7500 - (office)
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