1 Jenkins Street Yarmouth, Nova Scotia B5A 3E2
$450,000
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:45785)
Business
| Business Type | Accommodation, Personal Services, Residential |
| Business Sub Type | Hotel/motel, Hairdressing Salon, Residential |
Property Details
| MLS® Number | 202422240 |
| Property Type | Business |
| Neigbourhood | Downtown |
| Community Name | Yarmouth |
| Amenities Near By | Shopping |
| Community Features | High Traffic Area |
| View Type | Ocean View |
Building
| Amenities | Air Conditioning, Laundry Facility, Living Accommodation |
| Constructed Date | 1897 |
| Construction Material | Masonry |
| Cooling Type | Heat Pump |
| Fire Protection | Monitored Alarm, Smoke Detectors |
| Flooring Type | Other |
| Total Finished Area | 2701 Sqft |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) | |
| Paved Yard |
Land
| Acreage | No |
| Land Amenities | Shopping |
| Land Disposition | Cleared |
| Size Irregular | 0.0859 |
| Size Total | 0.0859 Ac |
| Size Total Text | 0.0859 Ac |
https://www.realtor.ca/real-estate/27414218/1-jenkins-street-yarmouth-yarmouth
Contact Us
Contact us for more information
Joanne Pullin
www.joannepullinrealtor.ca/
1959 Upper Water Street, Suite 1301
Halifax, Nova Scotia B3J 3N2
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April 03 2025 02:14:58
Nova Scotia Association of REALTORS®
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