Description
Investment opportunity! Welcome to the Mid-Town Motel. This 31-room motel is centrally-located near the Yarmouth downtown core, Heritage District and just minutes to the international ferry terminal to the USA! Originally a heritage home, this property has been added onto over the years. Sitting on a large corner lot, there are three entrances and two paved parking areas. The main building features an office / reception area, two 2-piece washrooms, large laundry, mud room, large kitchen with lots of prep space, a large wood-panelled dining room with original wood features and a large front sitting room with fireplace offering a common area for guests to spend time. A grand staircase takes you to the second level with 4 large guest suites, two with individual bathrooms. Towards the back of the house upstairs, you will find 6 small boarding rooms with a shared bathroom. There are 2 bachelor suites downstairs. The newer motel additional, contains 19 motel rooms on two levels which all feature their own bathroom. Many of these rooms are up to date with recent renovations, while some still require some TLC. 9 of the motel rooms are currently rented with full-time tenants. Recent upgrades include: Upgrading the sprinkler system up to fire code, plumbing upgrades, new hot water tanks, new oil tanks, electrical panels and new railings on the motel decks. New fire escape and new balcony stairs and new roof shingles completed June 2023. This property has a lot of potential for those looking for a live-in business with room to grow. This may be the opportunity you have been waiting for!
Listing Details
13 Parade Street, Yarmouth, B5A 3A5
ACTIVE
$775,000
202512778
n/a
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90207150
Municipal
Municipal
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Building Specifications
Concrete,Stone
Asphalt Shingle
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Carpet,Laminate,Vinyl,Other
