12 MILL Street

Truro · MLS® 202516636

1 sq ft lot · Land · Vacant Land · 477 days on market

listed by Dylan Musgrave, RE/MAX Fairlane Realty

realtor's description

DEVELOPMENT OPPORTUNITIES! This 28,390 q ft lot zoned DC (Downtown Core) has been vacant for some time and is ready for YOUR vision! Being Zoned DC, there's over 50 allowed uses for this land, including many commercial opportunities or 13+ unit apartment buildings (Buyer's due diligence to confirm Development Agreements if necessary). Some of these uses are "As of Rights" which make this lot turn-key to build and operate on, some uses required Site Plan Approvals or Development Agreements. The location makes this property ideal for someone looking to be minutes away from everything in the Downtown Core, near newer developments already built and more. Looking for opportunity in the heart of Truro? This is it!

property details

type: Land, Vacant Land
lot: 1 sq ft
parking: 0
days on market: 477
MLS®: 202516636

features

Level lot

monthly cost

$1,743/mo

Mortgage $1,743

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$1,743/ monthly

loan $319,999

25-year amortization

down payment20% · $80,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $202,828
cash to close: $80,000; down payment; transfer tax and fees not included
total paid: $522,827

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.