Office Listings
- Status:
- Pending
- Prop. Type:
- Commercial
- MLS® Num:
- 202610878
- Bus Major:
- Motel/Hotel
TURNKEY MOTEL Novastar Motel on the Lake is a well-maintained, income-producing property just five minutes from downtown Yarmouth and overlooking Lake Milo. The property features 16 motel units plus two apartment suites, offering strong short- and long-term rental potential. Four kitchenette units were recently renovated (approx. $100,000). The two apartment suites and motel's office include three Daikin heat pumps for efficient year-round comfort. With a loyal clientele—including steady off-season demand from trades workers—and close proximity to the Yarmouth Ferry, this turnkey operation is an excellent opportunity for investors or owner-operators.
- From Yarmouth proceed North on Highway 1. Dayton. Civic #214
- Listing Sub-Area:
- County Hwy 1
- Property Type:
- Commercial
- Commercial Type:
- Business
- Major Bus Type:
- Motel/Hotel
- Title To Land:
- Freehold
- Property Known As / Body of Water:
- Lake Milo
- Year built:
- 1966 (Age: 60)
- Age:
- 60
- Main Living Area:
- 7,246 sq. ft.
- Floor Area:
- 7,246 sq. ft.
- Building Dimenions:
- See survey plan by D.S Thorne (1990)
- Prop Size:
- 1 to 2.99 Acres
- Lot Size:
- 1.01 acre(s)
- Outside Dimenions:
- See survey plan by D.S Thorne (1990)
- Zoning:
- Commercial
- Construction:
- Block, Wood Frame
- New Constr.:
- No
- Parking:
- Yes
- Driveway:
- Gravel, Parking Spaces(s), Paved, Visitor Parking
- Parking Description:
- 20 Plus parking spaces
- # Floors:
- 3
- Floor Finish:
- Wood, Other
- Roof:
- Asphalt Shingle
- Heating:
- Baseboard, Heat Pump -Ductless, Window Cooling
- Fuel:
- Electric, Propane
- Fire Protection:
- Alarm, Sprinkler
- Water Supply:
- Municipal
- Utilities:
- Cable, Electrical, Municipal Water, Telephone
- Doors Under 10 Ft, Lighting, Storage Building
- Cleared, Public Parking
- Air Conditioning, Laundry Facilities, Living Accommodations, Recreational Area, Security System
- All machinery, tools, chattels, moveables, furniture, furnishings, artwork and equipment and accessories
- Propane Tank
- No
- See instructions to members.
- Assessment:
- 513100.0
- Assessment Year:
- 2026
- Rental Income:
- Yes
- Net Income:
- $110,000
- Gross Revenue:
- Average year $300,000
- Total Expenses:
- Average year $190,000
- Business Tax Payer:
- Owner
- Property Taxes Payer:
- Owner
- Heating Payer:
- Owner
- Hydro Payer:
- Owner
- Water Payer:
- Owner
- Insurance Payer:
- Owner
- Structural Maintenance Payer:
- Owner
- Exterior Maintenance Payer:
- Owner
- Interior Maintenance Payer:
- Owner
- Lease 1 - Net Rental Area:
- A 2-bedroom apartment
- Lease 1 - Expiration Date:
- month to month
- Lease 1 - Rental Rate:
- $1600/ month
- Lease 2 - Net Rental Area:
- A 2-bedroom apartment
- Lease 2 - Expiration Date:
- Daily
- Lease 2 - Rental Rate:
- $199/night
- Lease 3 - Net Rental Area:
- 10 Motel Rooms
- Lease 3 - Expiration Date:
- Daily
- Lease 3 - Occupant:
- Ave. 237 Sqft/ room
- Lease 3 - Rental Rate:
- $119-210 / night
- Lease 4 - Net Rental Area:
- 6 Motel Rooms + Kitchenettes
- Lease 4 - Expiration Date:
- Daily
- Lease 4 - Rental Rate:
- $149-199 / night
- Lease 4 - Occupant:
- Ave 312 sqft
- Possession Info:
- Immediate
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Listed by RE/MAX Nova (Halifax)
Data was last updated September 18, 2026 at 01:20 PM (UTC)
Area Statistics
- Listings on market:
- 16
- Avg list price:
- $404,500
- Min list price:
- $39,000
- Max list price:
- $1,400,000
- Avg days on market:
- 168
- Min days on market:
- 8
- Max days on market:
- 1,049
- Avg price per sq.ft.:
- $124
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.
- CHUCK GROOCOCK
- RE/MAX NOVA
- 1 (902) 233-5834
- Contact by Email
