256 MAIN STREET
NSAR · B5A1C9
$379,000
About this residence
Ocean/Harbour view commercial and residential property in highly desirable Main Street location. The downstairs commercial space could be easily partitioned into two separate and rentable spaces. Two of the residential units are currently rented and grossing $2800/month; both units are on a 3 month lease and tenants are interested to stay. The first-floor residential unit facing Main Street is used as a standalone 1-room office suite with its own private bathroom and could easily rent for $600/month. Updated electrical panels in both residential units and new lighting and heating has been added in both residential and commercial units. There is also a new bathroom in the commercial unit, new doors and is freshly painted. The commercial basement is next to a busy brewery, in a high pedestrian traffic area, making it ideal location for any business. The property is walking distance (2 minutes) from the Mariners on Main Recreation Centre with the town swimming pool and gym. The CAT ferry (a 3.5 hour ferry between Yarmouth and Bar Harbour, Maine, USA) is located within a 5 minute walk. The building is in front of the town's free bus route that allows you or your tenants easy access to the hospital, community college, Yarmouth mall, Sobeys, Walmart, Superstore, and Canadian Tire without the need for a vehicle. However, there is parking available at the back of the building for up to 8 vehicles or the land could be further developed. Don't miss out on this opportunity (id:61366)
Property details
- Property type
- Multi-family
- Style
- Fourplex
- Ownership
- Freehold
- Lot size
- 0.0988
- MLS®
- 202510363
- Board
- NSAR
- Status
- Inactive
- Listed
- May 8, 2025
- Updated
- Jun 4, 2025
Features & finishes
Appliances
- Refrigerator
- Stove
Flooring
- Laminate
- Concrete
Basement
- Full
- Partially finished
Exterior
- Vinyl
Foundation
- Block
- Stone
- Concrete Perimeter
Parking
- Gravel
Lot
- Balcony
Sewer & Utilities
- Municipal sewage system
Financing
Estimated monthly payment
$1,772/mo
Loan amount
$303,200
Down payment
$75,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
NSAR
Nearby
About the area
Census · B5A- 16,753
- Population
- 50
- Median age
- $58,000
- Median income
- $180,000
- Median home value
- 68%
- Home ownership
- 17 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 256 MAIN STREET?
256 MAIN STREET is listed for $379,000, in NSAR.
What type of home is 256 MAIN STREET?
256 MAIN STREET is a Multi-family, Fourplex.
How large is 256 MAIN STREET?
The home offers a lot measuring 0.0988.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $1,772. Use the mortgage calculator above to model your own scenario.
What is the NSAR area like?
NSAR has a population of about 16,753, a median age of 50, a 68% home-ownership rate, with an average commute of about 17 minutes.
What is the average home value in NSAR?
The median dwelling value in this area is approximately $180,000, based on census data via Neighbourly.
What is the median household income in NSAR?
The median household income in this area is approximately $58,000.
Similar residences
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