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In-PersonVirtual Tour
$ 450,000
Est. payment /mo
Active
1 Jenkins Street Yarmouth, NS B5A3E2
3,741 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Yarmouth
MLS® Listing ID 202422240
Originating Board Nova Scotia Association of REALTORS®
Year Built 1897
Lot Size 3,741 Sqft
Acres 0.0859
Property Sub-Type Freehold
Property Description
Discover a prime investment opportunity with FMA Luxury Rentals Ltd. at 1 Jenkins Street. This historic brick building has been meticulously renovated over the past three years, with the main and lower floors completely transformed. The property features three modern units on the main floor, each already demonstrating excellent income potential. Two of these units are equipped with Jacuzzi tubs, while one is fully wheelchair accessible. Situated in a desirable location with stunning harbour views, the property is just a six-minute walk to the ferry terminal, offering seasonal crossings to the USA, and is conveniently close to shopping and dining options, ensuring high tenant demand. Current cap rate of 12.7% this is an incredible opportunity. The lower floor includes a salon with a private entrance, providing a reliable stream of rental income. With ample room for growth, the unfinished top floor offers the opportunity to add a spacious unit or two smaller units, both with exceptional ocean views. An additional 19? x 22? building on the property provides valuable extra storage space. The blend of modern updates, prime location, and historic charm makes this property a rare find with endless potential for long-term success. Book your private viewing today to explore the possibilities! Listed below Assessment!! Note Power in salon pays the power but the air bnbs the owner pays the power. List price does include HST (id:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Cooling Heat Pump
Flooring Other
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N Yes
View Ocean view
Private Pool No
Others
Ownership Freehold
Virtual Tour https://www.youtube.com/watch?v=A28fAY4VcPQ
Listed by EXP Realty of Canada Inc.