Office Listings
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- 202610878
- Bus Major:
- Motel/Hotel
- Photos (5)
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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:
- Other, Wood
- 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 June 23, 2026 at 03:20 PM (UTC)
Area Statistics
- Listings on market:
- 14
- Avg list price:
- $430,000
- Min list price:
- $39,000
- Max list price:
- $1,499,000
- Avg days on market:
- 205
- Min days on market:
- 7
- Max days on market:
- 963
- Avg price per sq.ft.:
- $102.7
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
