Discover an exceptional investment opportunity with this well-established, turn-key multi-unit boarding home offering strong, reliable income and full occupancy with a waiting list. This all-inclusive business is housed in a beautifully maintained turn-of-the-century home that seamlessly blends timeless character with modern functionality. Rich in architectural charm, the property features spacious accommodations and an inviting atmosphere that has earned a solid reputation within the community. Whether you're an experienced investor or looking to expand your portfolio with a proven income property, this fully operational business offers immediate cash flow from day one. This rare offering presents the perfect combination of historic elegance, business stability, and outstanding investment potential.
From Main Street turn left onto Forest Street - property on right hand side.
Listing Sub-Area:
Town Central
Property Type:
Multi-Family
Multi-Family Type:
9 - 12 Unit
Title To Land:
Freehold
Building Dimenions:
Irregular
Outside Dimenions:
Irregular
Lot Size:
9,744 sq. ft.905 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
10
Exterior Finish:
Wood Siding
Foundation:
Concrete, Stone
New Constr.:
No
Basement:
Full, Undeveloped
Floor Finish:
Carpet, Ceramic, Hardwood, Laminate, Vinyl
Roof:
Asphalt Shingle
Heating:
Baseboard, Furnace, Hot Water, Radiator
Fuel:
Electric, Oil
Garage Description:
Detached
Parking:
Yes
Parking Description:
Parking lot on Cottage Street, or park on side of Highland.
Driveway:
Gravel, Parking Spaces(s), Paved, Single
Water Supply:
Municipal
Water And Sewage:
$1,129.00
Sewer:
Municipal
Num Units:
10
Num 1 Bed Units:
10
# Of Dishwashers:
1
# Of Dryers:
1
# Of Fridges:
2
# Of Microwaves:
1
# Of Stoves:
1
# Of Washers:
1
Rental Income:
Yes, $123,843.00
Approx. Net Income:
$79,134.02
Insurance Expense:
$9,101.00
Taxes Costs:
$3,099.00
Heating Bill:
$13,422.98
Electricity Bill:
$12,304.00
Approx. Total Expense:
$44,708.98
Approx. Total Income:
$123,843.00
Balcony, Cable, Dining Room, Ensuite Bath, Family Room, Fireplace(s), Laundry, Main Flr Fam Rm, Multi-Use Rooms, Power, Secondary Suite, Storage, Telephone
All furniture and content which is not personal. Turn key business.
Public Transit, School Bus Service, Place of Worship
Data was last updated August 18, 2026 at 09:20 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$399,000
Min list price:
$229,900
Max list price:
$685,000
Avg days on market:
132
Min days on market:
18
Max days on market:
865
These statistics are generated based on the current listing's property type
and located in
Yarmouth. Average values are
derived using median calculations. This data is not produced by
the MLS® system.