I know that n-connective spectra form a coreflective subcategory of spectra. Namely, there is a n-connective cover functor $\tau_{>k}: Spectra\rightarrow Spectra^{n-connective}$ which has a fully faithful left adjoint. In particular, the counit gives a natural morphism $\tau_{>k}(E)\rightarrow E$ for each spectrum $E$.
I am wondering if the same holds unstably, for based spaces. Namely, I suspect that based n-connected spaces for a coreflective subcategory of based spaces $Space^*$, i.e. there is a n-connected cover functor $\tau_{>k}: Space^*\rightarrow Space^{*, n-connected}$ with a fully faithful left adjoint. I think the functor $\tau_{>n}$ can be obtained by taking the homotopy fiber of the unit $X \rightarrow \tau_{\le n} X$, where $\tau_{\le n}$ is the truncation functor $\tau_{\le n}: Space\rightarrow Space^{n-truncated}$, which is a localization. Is there a reference for this? (if it is true). I am specifically asking about the unstable case, as opposed to references for the case of spectra, which seems well-known. One potential issue I can foresee is that $\tau_{>n}$ may not be $n$-connected.
Note that to take the homotopy fiber functorially, we need to work with based spaces. Another reason that we need to work with based spaces is that unbased n-connected spaces do not have all colimits (for example, they do not have an initial object - see the discussion here Is there a homotopy theory of unbased simply connected spaces?). On the other hand, (an accessible) coreflective localization of a presentable category $Space^*$ would also be presentable and hence have all colimits.