538 Main Street

Description

An exceptional mixed-use opportunity in the heart of Mahone Bay, 538 Main Street combines flexible commercial space with three-bedroom accommodation above, creating multiple possibilities for business, income generation or a live-work lifestyle in one of Canadas most beautiful and recognizable seaside towns. The street-level commercial space, currently home to Eli & Trix, offers excellent Main Street visibility, an inviting retail/dining area and fully equipped commercial kitchen. The flexible layout could potentially accommodate multiple commercial uses, while additional rear office space with a separate entrance offers further rental or professional-use potential. The current owner operates the restaurant and may consider leasing the commercial space from a new owner, offering the possibility of an established commercial tenant from the outset. Above, a spacious three-bedroom registered Short-Term Rental provides an established accommodation and income opportunity, or potential owner accommodation for someone wishing to live and work in the heart of Mahone Bay. The upper level may also offer potential to create separate two-bedroom and one-bedroom suites, subject to applicable approvals. A new metal roof was installed in August 2026. Surrounded by shops, restaurants, cafés and galleries and just steps from the waterfront, this adaptable property offers a rare combination of commercial, residential and lifestyle potential. Purchasers continuing the existing business may qualify to acquire the property/business without HST being payable, subject to CRA requirements and the appropriate GST/HST election. Buyers should obtain independent tax advice. For floor plans, property brochure and aerial video of Mahone Bay URL link shared below. (id:56844)

Listing

MLS® number

202622972

Status

Active

Days On Market

50

Building

Above grade

3,826 sq ft

Interior

Flooring

Wood

Heating

Heat Pump, Baseboard heaters, Oil, Electric, Hot Water, Ductless, Furnace

Cooling

Heat Pump, Air Conditioned

Land

Lot size

0.15 acres

Parking

Type

Concrete

Utilities

Water

Municipal water

Business

Business type

Other, Restaurant, Residential

Fees and taxes

Common interest

Freehold

Parcel number

60733136

Directions

From Halifax take highway 103 to Mahone Bay, (exit 10). make a right on highway 3 and follow into town. Veer left through Main Street intersection. Property on the right