Overview
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
Contact us about this listing & It's History
Neighborhood Information
Yarmouth, NS
Yarmouth, Nova Scotia is a charming coastal city located on the Bay of Fundy. It is known for its lighthouses, maritime history, and its vibrant arts scene. The downtown area boasts beautifully restored Victorian homes, quaint shops, and a variety of eateries. The surrounding areas offer diverse wildlife and unique landscapes, perfect for outdoor exploration. The Yarmouth County Museum and Archives provides a glimpse into the city's past. The city is also home to the annual Yarmouth Seafest, a popular summertime event.
While Yarmouth offers a slower pace of life compared to larger cities, it may not be the best fit for those seeking big city amenities. The weather can also be a con, with long, cold winters. However, the charm and natural beauty of Yarmouth more than makes up for these minor drawbacks.
70
Yarmouth has a lot of potential and is a great place for those who appreciate a slower pace and natural beauty, though it falls behind in terms of big city amenities. It scores a 70 out of 100 in terms of city desirability.
Search Nearby Activities65
Education in Yarmouth is satisfactory with a range of public and private schools. However, compared to major cities, it may lack some specialized programs. The city's schools score is 65 out of 100.
Search Nearby Schools75
For entertainment, Yarmouth offers a range of local arts performances, museums, and numerous festivals throughout the year, providing an entertainment score of 75 out of 100.
Search Nearby Restaurants85
Yarmouth shines in terms of outdoor activities. The city has numerous parks, trails, and water activities thanks to its coastal location. The outdoor activities score is 85 out of 100.
Walk Score - 80%About Your Relator®
Jessica Mugford
Meet Jessica Mugford, a dynamic and enthusiastic Realtor® based in the heart of Sydney, NS. Born and raised in this picturesque coastal city, Jessica brings a deep-seated passion and a comprehensive understanding of the local market to her role. Her journey in real estate began at RE/MAX Park Place, where she served as an administrative professional specializing in contract review. This experience has provided her with invaluable insights into the industry, enhancing her expertise in managing real estate transactions with finesse.
Jessica's love for travel has broadened her perspective, allowing her to appreciate diverse lifestyles and housing needs, making her an ideal advisor for clients seeking to navigate the complexities of the real estate market. Coupled with her exceptional customer service skills, Jessica is committed to offering personalized and effective real estate solutions.
With deep rooted entrepreneurial ties to the community, Jessica has the foresight to recognize independent real estate opportunities, propose growth strategies and guide her clients through effective and efficient closing processes.
With Jessica Mugford, you can expect nothing less than a professional, tailored approach.
Phone: (902) 322-1684
Email: jessicamugford@remax.net
Office: Sydney
Map
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Property Details
| On Market Date | 2024-09-13T22:00:16.6 |
| Price | $450,000.00 |
| Year Built | 1897 |
| Neighborhood | Yarmouth |
| Location | Lat: 43.836674, Lng: -66.121340 |
| Square Feet | 2,701.00 |
| Lot Size | 3,741.40 3741.4 |
| Parking Features | Yes |
| Heating | Baseboard,Heat Pump -Ductless |
| Water Source | Municipal |
| Construction Materials | Brick |
| Roof | Asphalt Shingle,Metal |
| Flooring | Other |
| Association Fee | 0.00 |
| Assessments | 496700 |
| Listing Office Name | EXP Realty of Canada Inc. |
| Listing Agent | Joanne Pullin |
| MLS® | 202422240 |
No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.