46 South St Active Save Request In-Person Tour Request Virtual Tour
Truro,NS B2N 7J4
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,728 sqft
Price per Sqft $109
MLS Listing ID 202510182
Bedrooms 4
Full Baths 1
Year Built 1955
Lot Size 6,838 Sqft
Property Sub-Type Single Family Residence
Property Description
Exceptional Opportunity on South Street - Bring Your Vision! Welcome to 46 South Street, a diamond in the rough sitting on a large corner lot in one of Truro's most sought-after mature neighbourhoods. This property may have seen better days, but it has exceptional bones and the potential to become something truly special for the right buyer. Originally purchased as a fix-and-flip project, the current seller is unable to complete the work due to other commitments - creating an incredible chance for you to step in and finish the job. The interior has already been gutted, saving you time and money on demo, and all-new windows and doors have already been purchased and are included with the sale. Zoned R-2, the property can, by right, be converted into two units. The basement, featuring high ceilings and convenient access through the rear entrance, offers a natural opportunity for a smooth conversion into a self-contained suite. Additionally, there's potential for a third unit in the garage subject to a development agreement from the town (buyer to verify). Whether you're an investor, builder, or someone with vision and a bit of elbow grease, this is a rare chance to create real value in a fast-growing market. Just minutes from groceries, public transit, the hospital, civic centre, Dalhousie University's Agricultural Campus, and all the amenities booming Truro has to offer. Please note: the home is currently un-insurable and unlikely to qualify for traditional financing - this is a project best suited to cash buyers or those with alternative financing. We were told by a mortgage broker that this property may qualify for certain private lender financing options. We have an estimate from a General Contractor based in Dartmouth to complete the renovation and convert this property into two units, including most costs, at a price of roughly $153,000. Don't miss out on this promising redevelopment opportunity - contact your agent today to learn more!
Location
Province NS
County Colchester
Area 104-Truro/Bible Hill/Stewiacke
Zoning R2
Interior
Heating No Heating/Cooling
Cooling No Heating/Cooling
Flooring Concrete,Hardwood,Other
Inclusions Windows And Doors, Included But Not Installed
Equipment No Rental Equipment
Exterior
Utilities Available Cable Connected,Electricity Connected,Phone Connected,Other
View Y/N No
Roof Type Asphalt
Building
Lot Description Under 0.5 Acres
Dwelling Type Detached
Story 1
Foundation Concrete Perimeter
Sewer Municipal
Water Municipal
New Construction No