ScotianAtlas
FOR SALE · 21 DAYSMLS® 202620304 · PID 20160560

40 King Street

$499,900

Whole multi-unit propertyASSESSED $266,000 · 2026

Lot7,100 sqft lot
Style2 Storey
Value & taxesPVSC · GOVERNMENT RECORD
Assessed market · 2026$266,000
Taxable (capped)$180,200
Cap shelter+$85,800
Est. property tax · 2026$3,428/yr

Taxed on $180,200 of a $266,000 assessment$85,800 sheltered by the NS assessment cap, at $1.903 per $100.

HistoryMLS® + REGISTRY
Aug 26, 2026Price reducedwas $529,900$499,900
Aug 11, 2026Listed$529,900
Aug 31, 2020Soldregistry$150,000

Every relist, cut, and recorded sale, no wall. The incumbent reserves this table for its clients.

Owning this homeCOMPUTED FROM GOVERNMENT RECORDS · NOT A VALUATION
Monthly, all in$2,326MORTGAGE $2,326 · TAX $422/MO
Tax, year one$5,061+$1,633THE CAP RESETS ·
Cash to close$107,479DOWN $99,980 · DTT $7,499 · LEGAL EXTRA

ARITHMETIC ON PUBLISHED RATES — NOT A QUOTE, NOT ADVICE · SNS DEED-TRANSFER LIST JULY 2026

Assessment recordPVSC · GOVERNMENT RECORD

2022 – 2026

2022$158,700
2023$173,900
2024$218,500
2025$256,800
2026$266,000

Latest assessment $266,000 vs asking $499,900. A government record, not an estimate — ScotianAtlas computes no consumer valuation.

Truro median · 2026$273,000
This property$266,000 — below the community median
Change 2025 → 2026+$9,200 (+3.6%)

2026 assessments in Truro run $30,000 to $483,480 (10th–90th percentile, 4,758 properties). Position within the distribution is a fact of the roll, not an opinion of value.

The lotNSPRD PARCEL FABRIC · NOT A LEGAL SURVEY
Area655 m² · 0.16 ac
Perimeter104 m · 342 ft

Compiled from provincial mapping — approximate, not a legal survey. Full dimensions and print live on the Site Plan sheet.

About this home

Looking for a turnkey investment property with strong financials and recent updates? 40 King St may be just what you've been looking for! This downtown triplex features x3 well cared for units and recent updates, most notably a re-wire so each unit has it's own meter and electric heat - each resident can take care of their own heating and electricity! Units have outdoor space, their own parking spaces, and even comes with double garage that could be used by the owner or possibly rented separately for additional income. Whether you're looking for a home with some income, or a pure investment - check out 40 King today!

Structure & systemsPVSC + MLS®
StructureGarage · No finished basement · 3 units
FoundationConcrete Perimeter
ExteriorShingle Siding · Wood Siding
RoofAsphalt
FlooringHardwood · Laminate · Tile
BasementFull · Unfinished
HeatingBaseboard
INTERIOR
AppliancesStove · Dishwasher · Dryer · Washer · Refrigerator
IncludedAll Appliances
Land & titleREGISTRY + MLS®
Lot size7,100 sqft
Lot dimensions23x26 + 19x21
Lot featuresUnder 0.5 Acres
ZoningUC
Patio & porchDeck · Patio
PID20160560
AAN03605566
TITLE
OwnershipFreehold
PossessionNegotiable
HSTExempt from HST
Utilities & parkingMLS®
WaterMunicipal
SewerMunicipal
UtilitiesElectricity Connected
Electricity on propertyYes
GarageYes
ParkingDriveway
Open parkingYes
Map
Map of 40 King Street
Listed by Andrew Keddy · Royal LePage Truro Real Estate · MLS® data © Nova Scotia Association of REALTORS®. Nothing here is paid placement.

https://www.scotianatlas.com/listing/202620304 · Retrieved Sep 1, 2026 · NOT A LEGAL SURVEY