Opportunities like this one don't surface every day. Priced well below replacement cost, this established, family-run tourism accommodation operation comprises 15 furnished motel rooms plus a 1600 square foot penthouse suite, 3 furnished hillside chalets, two bedroom bungalow, barn, swimming pool and more than 40 acres of property. The ocean views are magnificent and the wharf at the water’s edge provides access to fine sailing, kayaking and other seaside pleasures. A terrific location, solid infrastructure and exceptional value. Continue or expand the existing business, convert to residences or condos.... the options are yours. One minute from Mahone Bay enroute to Lunenburg.

Situated in Mader's Cove which lies on the outskirts of Mahone Bay enroute to Lunenburg along the scenic Lighthouse Route on Nova Scotia's South Shore. A treasure since 1754, picturesque Mahone Bay is one of the most popular and well known seaside towns in Atlantic Canada and home to the Wooden Boat Festival and the famous Three Churches. Mahone Bay offers a wide variety of amenities including schools, accommodations, fine dining, art galleries, local craft shops and numerous cafes. Mader's Cove is within five minutes of the Lunenburg Yacht Club at Herman's Island and is about an hour by car from the Halifax International Airport

$1.2 million ..#875 ..MLS®

 

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The Motel Buildings: Constructed in '96 and '99, these two storey buildings comprise ±6200 sq ft of finished area with a total of 15 furnished guest rooms, each with ocean view, plus a 1600 sq ft penthouse suite. Clapboard exterior, concrete foundation, 200 amp electrical service & septic system. Heat is electric for the motel rooms and hot water baseboard (oil) for the penthouse. Laundry facilities are located in the basement of the 10 unit building. Propane fuel and hot water tanks are leased.

The Chalets: Built in 1996, each chalet is 26'x25' (650 sq ft) with concrete foundation, vinyl exterior, wraparound deck, 100 amp electrical service and electric & wood heat. Each chalet has a septic tank and the septic field is shared by the three. Fully furnished, each is two bedrooms,full bath and open living area with vaulted ceiling, woodstove, patio doors and pine kitchen. Chalet A has exterior wheelchair ramp and shower stall in bathroom; chalets B&C include one piece tub/shower unit. Chalets are furnished and fully equipped and rent for $1200 per week in season.

The Bungalow: The two bedroom bungalow is nine years old with Canexel siding, 200 amp electrical, electric heat, a woodstove and its own septic system. Ideal for an onsite manager or reception office.

The Barn: Two storey 40'x30'(2400 sq ft) with concrete foundation & vinyl exterior. Main floor comprises six box stalls, tack room and storage area; second floor includes storage, hayloft and an office.

Price: $1.2 million
Address: 9278 Route 3
Mader's Cove, Lunenburg County
PIDS: 60608874, 60608858, 60608866, 60582509 & 60645157
Land Size: ±42 acres
Oceanfront: Yes
Structures: Two 2 storey motel buildings, 3 chalets, one storey home, barn, pool & pool shed, wharf
Age: Built between 1996 and 1999
Driveway: Gravel, winding
Parking: Ample
Water: Drilled well (360 feet deep)
Sewer: Multiple septic systems
Assessment (2008):
Commercial $523,800
Residential $167,400
Total $691,200
Estimated Taxes: $10,775

Other: The Lazy L swimming pool (18'x40') is equipped with a heat pump and has its own electrical service. Included in sale are pool & pool equipment, wharf, chalet & motel room furnishings, laundry equipment and signage; excluded are the elevator on motel exterior, contents of the penthouse suite & bungalow and owners' personal possessions. Neighbouring home shares use of the well and driveway. Chalets & barn are situated on one parcel of land, with potential to add a residence if desired. The motel/bungalow parcel offers additional development potential. HST applies.

Directions: Mader's Cove, situated one minute beyond Mahone Bay on Route 3 enroute to Lunenburg; less than an hour from Halifax.

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