693 Masons Beach Rd - Specialty FOR SALE


First South, NS B0J 2C0
$5,999,000 CAD
902-877-8997

NO PHOTO

$5,999,000 CAD
Specialty - FOR SALE
null | 13.09% Cap Rate

693 Masons Beach Rd
First South, NS B0J 2C0


HIGHLIGHTS

  • condos with commercial short-term rental permits
  • Minutes from Lunenburg
  • Sustainable design
  • diversified unit mix
  • Projected 2026 gross revenue of $785K

OVERVIEW

Positioned on a stunning 2.6-acre peninsula in First South, Nova Scotia, 693 Masons Beach Road presents a rare opportunity to acquire eight luxury short-term rental condos with commercial permits in place. Developed by Hook’d Homes, this turnkey investment blends lifestyle appeal with robust financial performance, offering projected gross revenues of $785,000 in 2026. The property is minutes from Lunenburg—a UNESCO World Heritage Site—and Mahone Bay, placing it at the heart of Nova Scotia’s most sought-after coastal destinations. Each unit is thoughtfully designed with premium finishes, expansive ocean views, and private hot tubs. Construction features include hurricane-rated structures, underground utilities, and reinforced seawalls exceeding federal surge standards. The development integrates natural purification systems with three ponds and sand filtration, enhancing sustainability and guest experience. With six units already sold, the remaining eight offer diversified income potential across varying layouts and sizes. Condo fees are modest at $125/month, covering essential services. The site’s proximity to Halifax and the international airport ensures accessibility for both guests and owners. Whether you're expanding a hospitality portfolio or seeking a lifestyle investment, Lil Hook Homes delivers enduring value in a high-demand market.

FOR SALE DETAILS

PRICE

$5,999,000 CAD

PRICE/SF

$662 CAD /SF

CAP RATE

13.09%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

693 Masons Beach Road, First South

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.93 AC

LAND SF

214,751 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Susan DiamondEngel & VolkersMore Info
902-877-8997

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Susan DiamondEngel & VolkersMore Info
902-877-8997

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.