Seaside Inn

1-3-5 Lower Road, Margaretsville

MLS 201810648

Price: $398,000
County: Annapolis
Lot Size: 12,464 square feet
Heating: Oil, electic
Water: Community
Sewer: Septic
Bedrooms: 1 - 3 bedroom; 3 - 1 bedroom
Facilities: Cafe, laundry
Included: 2 small lots on the shore
Exterior: Wood
Sq. Footage 3,300 main resident
Flooring: Softwood

I love this property for its rustic charm, amazing setting and revenue generating potential. Known as "By the Dock of the Bay", it is located in the coastal Village of Margaretsville. The property occupies a strategic corner situated between the Lighthouse and the Wharf, overlooking the Bay of Fundy. The stunning views and central location create the perfect setting for visitors and residents. It's ideally located in the heart of the Annapolis Valley close to Middleton and within 40 minutes to Historic Annapolis Royal and the university Town of Wolfville. Other Valley towns are close by and the main road across to the South Shore region starts in Middleton.

The buildings were constructed around 1899 and were originally used as a "cannery". Because of the picturesque setting, these buildings have been photographed by thousands of visitors since the early 1900s. About 20 years ago the buildings were purchased, gutted, renovated, upgraded and transformed into an owner's residence, plus a cafe and three rental housekeeping suites. Every room is filled with antiques, collectibles, distressed wood and handmade driftwood furnishings. The exterior of both buildings have cedar shingles. The floors are softwood and the windows have all been replaced.


OWNER'S RESIDENCE
This 1.5 story structure has a main floor open concept plan with spacious living/diningroom and kitchen across the back overlooking the harbour. A central door opens to a huge elevated deck. There's a cozy sitting area to the right of the main entry used to sign in guests. Beyond this is a main floor bedroom and bathroom with a private side door entry. While this is not used as a rental, it could be, increasing the seasonal revenue. Upstairs are two large bedrooms and another bathroom.


THE SUITES
In a separate building just a few feet away is the three story building with three suites:


TIDE VIEW

Lower level, open concept with bed/sitting room, kitchenette and bath. It has a private terrace area.


BAY VIEW

Main level. A one bedroom suite with small kitchen area, livingroom and bathroom.


CROW'S NEST
Top level. Aptly named with stunning views, it offers one bedroom plus a loft, kitchen area and bath.


CAFE "Dock of the Bay"
It's located in the original stone basement under the main house with a full length deck outside. It's fully equipped and fully licensed. This popular seasonal cafe has seating inside and out for 31.


LAUNDRY and STORAGE
At the end of the garden area is a small structure which houses the laundry facilities, garden tools and miscellaneous storage.


This is an excellent opportunity for year round living with seasonal rentals or just your May to October "seaside get-away" income property. It's perfect for those who would enjoy operating the Cafe which provides additional income. It's also ideal for an artist who uses part of the main floor of the home for studio/gallery. The options are almost as unlimited as the daily changes of scenery. Watch fishing boats steam by, seals in the harbour, fishing off the wharf, bonfires on the beach, beachcombing, stunning sunsets, amazing sunrises . . . and even waterfalls along the cliff. Mix this with salt air, seabirds and sand and you have the perfect recipe for relaxation and income. Most furnishings and equipment is included. The website: www.cottagenovascotia.com is included. The business operates from May to October.

Oh, and by the way, there are 2 small lots on the opposite side of the lane running to the wharf that are included in the sale. If you're looking for a unique income property, call us at anytime to learn more.



 

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