243 Glenwood Drive

104-Truro/Bible Hill Truro B2N 1P8

Explore the income potential and flexibility of 243 Glenwood Drive in Truro! This substantial two-unit residential property offers an attractive opportunity for investors, multigenerational households or owner-occupiers looking to supplement their housing expenses with rental income. Situated on a generous 13,570-square-foot lot with two separate driveways, the property offers 2950 square feet of finished living space. The expansive main residence features three exceptionally spacious upstairs bedrooms, additional flexible rooms on the main floor, a functional kitchen, generous living areas and a working wood-burning fireplace. A unique insulated but unfinished bonus area off an upstairs bedroom offers additional possibilities. The separate one-bedroom basement apartment includes its own private entrance, kitchen with full-size refrigerator, bathroom, laundry facilities and electric heating. Two independently metered 100-amp electrical services allow for separate electrical billing, an important consideration for rental ownership. The brand new GAF asphalt shingle roof includes a a transferable Golden Pledge warranty coverage of 50 years on materials and 25 years on labour. The home also features two ductless heat pumps, many updated vinyl windows, a December 2022 electric hot water heater. An oil-fired boiler dated 2010 is also present but has needed for heating for the last three years. Drop ceilings throughout much of the basement provide convenient access to plumbing and electrical systems. At $375,000, the property offers $127 per square foot of total finished space and the potential to generate income from the separate basement accommodation. Whether you're expanding your investment portfolio or looking for an owner-occupied property with income potential, this great home is an incredible value. Book your showing today!