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Home NS Mahone Bay
400A 534 Main Street
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400A 534 Main Street $699,900
Conditionally sold
$699,900
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400A 534 Main Street
Mahone Bay, Nova Scotia B0J2E0

MLS® Number: 202418579

Listing Description

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. (229665148)

Location Description

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.

Property Summary

Property Type
Retail
Community Name
Mahone Bay
Title
Freehold
Land Size
0.2599 ac
Built in
1934
Parking Type
Parking Space(s), Paved Yard, Visitor Parking
Time on REALTOR.ca
107 days

Price and Sale History

Date Status Price
Jul 30, 2008 Sale Closed $360,000

Building

Interior Features
Flooring
Wood, Other
Building Features
Construction Material
Masonry, Concrete Walls, Steel frame
Fire Protection
Alarm system, Smoke Detectors
Building Amenities
Air Conditioning, Laundry Facility, Living Accommodation
Utilities
Water
Municipal water
Business
Business Type
Other (Other), Residential (Residential)
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Shopping
Parking
Parking Type
Parking Space(s), Paved Yard, Visitor Parking

Measurements

Total Finished Area
3881 sqft

Land

Lot Features
View
Ocean view
Data provided by: Nova Scotia Association of REALTORS® 112 - 68 Highfield Park Drive, Dartmouth, Nova Scotia B3A 0E4
Piers Baker