CONDITIONAL SALE! C $699,900; US +/-504,400; € +/-462,300
Presenting a solid brick landmark property, originally built in 1933 for the Government of Canada. This turnkey, fully rented income generator in Mahone Bay features two second floor two-bedroom units with full bathrooms and a front balcony. A main floor Canada Post triple net lease runs until March 2027. Fixed residential leases are in place until December 1st, 2024. There is a whopping 56K in gross income yearly from the three tenants. The location is at the epicentre of bustling Mahone Bay and has a very generously sized parking lot in behind and lots of storage space on the lower level.
This location is walking distance to galleries, shops, restaurants, and pubs that Mahone Bay is renowned for as well as all the essential amenities such as grocery, pharmacy, medical, dental, and the bank. Immersed in culture and beauty, 534 Main Street is situated in the centre of this idyllic seaside town.
Various active groups keep folks young in Mahone Bay with tennis, sailing, running, yoga, and kayaking part of their daily regime. A one-hour drive to Halifax and mid-way between the UNESCO heritage site of Lunenburg and Chester makes for fun daily excursions.
Reference Number: 483
Address: 400A – 534 Main Street, Mahone Bay, Nova Scotia
MLS: 202418579
PID: 60373412
Directions: From Halifax, take Highway 103 to Mahone Bay Exit #10. Make a right on Highway 3 (Edgewater Street). Road veers to the left turning into Main Street and the property is immediately on the left.
Zoning: Commercial/Retail
Building Dimensions: 33 9/12 x 57 6/12
Building Square Footage: 1,864 Square Feet
Lot size: 11,323 Square Feet
Number of Rental Units: 3: Post office and 2 two bedroom apartments
Building Construction: Brick, concrete, steel frame
Exterior Cladding on House: Brick
Roofing: Metal, concrete
Flooring: Wood, other
Water Source: Municipal
Sewage Disposal: Municipal
Heating: Baseboard, furnace, hot water
Fuel Type: Electric, oil
Parking: Paved parking and visitor parking
Front Deck: Yes
Features: High traffic location, wheelchair accessible to ground floor post office, public parking and shopping nearby, laundry facilities, air conditioning, living accommodations, security system, ventilation system
HST: Yes. Partially subject to HST over and above the purchase price
Please Contact Listing Broker: Piers Baker- Cellphone Number: 902-980-0522 or Email: piers@tfts.ca