Main Photo: 1 Jenkins Street in Yarmouth: Town Central Commercial  : MLS®# 202422240
Photo 1: 1 Jenkins Street in Yarmouth: Town Central Commercial  : MLS®# 202422240
Photo 2: 1 Jenkins Street in Yarmouth: Town Central Commercial  : MLS®# 202422240
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Photo 41: 1 Jenkins Street in Yarmouth: Town Central Commercial  : MLS®# 202422240
Status:
Active
Prop. Type:
Commercial
MLS® Num:
202422240
Bus Major:
Motel/Hotel
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. 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 airbnbs the owner pays the power. List price does not include HST
Listing Sub-Area:
Town Central
Property Type:
Commercial
Commercial Type:
Business
Major Bus Type:
Motel/Hotel, Residential Units, Salon
Title To Land:
Freehold
Year built:
1897 (Age: 127)
Age:
127
Main Living Area:
2,701 sq. ft.
Floor Area:
2,701 sq. ft.
Building Dimenions:
24' x 45'3 + 22'11 x 23'
Prop Size:
Under 0.5 Acres
Lot Size:
3,742 sq. ft.
Outside Dimenions:
24' x 45'3 + 22'11 x 23'
Zoning:
Commercial
Construction:
Brick
New Constr.:
No
Parking:
Yes
Driveway:
Parking Spaces(s), Paved, Shared
Garage Description:
nil
Parking Description:
Shared Paved parking lot and street parking front
# Floors:
3
Floor Finish:
Other
Roof:
Asphalt Shingle, Metal
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Fire Protection:
Monitored Alarm System, Smoke Detector
Water Supply:
Municipal
Utilities:
Cable, Electrical, Municipal Water, Septic, Telephone
Storage Building
Cleared, Shopping Nearby, Corner Site, High Traffic Location, Public Parking
Air Conditioning, Laundry Facilities, Living Accommodations, Public Washrooms, Security System, Window Display
3 Microwaves, 3 mini fridges, 3 stove tops
washer and dryer in salon not included
None
No
View: Ocean
Assessment:
524500.0
Assessment Year:
2024
Rental Income:
Yes
Gross Revenue:
51600
Business Tax Payer:
Owner
Property Taxes Payer:
Owner
Heating Payer:
Tenant
Hydro Payer:
Tenant
Water Payer:
Owner
Insurance Payer:
Owner
Structural Maintenance Payer:
Owner
Exterior Maintenance Payer:
Owner
Interior Maintenance Payer:
Owner
Lease 1 - Net Rental Area:
Bottom floor
Lease 1 - Expiration Date:
No lease
Lease 1 - Occupant:
Rental
Lease 1 - Rental Rate:
1300
Lease 2 - Net Rental Area:
Main Floor
Lease 2 - Expiration Date:
No Lease
Lease 2 - Occupant:
Rental
Lease 2 - Rental Rate:
3000
Possession Info:
Negotiable
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Listed by EXP Realty of Canada Inc.
Data was last updated December 27, 2024 at 07:20 AM (UTC)