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693 Masons Beach Rd - 693 Masons Beach Road, First South 9,068 SF Hospitality Building Offered at $4,315,827 at a 6% Cap Rate in First South, NS B0J 2C0
Investment Highlights
- condos with commercial short-term rental permits
- Sustainable design
- Projected 2026 gross revenue of $785K
- Minutes from Lunenburg
- diversified unit mix
Executive Summary
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.
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.
Property Facts
| Price | $4,315,827 USD | Lot Size | 4.93 AC |
| Price Per Room | $539,478 USD | Building Size | 9,068 SF |
| Sale Type | Investment | No. Rooms | 8 |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 2024 |
| Building Class | B | Parking Ratio | 1.32/1,000 SF |
| Price | $4,315,827 USD |
| Price Per Room | $539,478 USD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Hospitality |
| Building Class | B |
| Lot Size | 4.93 AC |
| Building Size | 9,068 SF |
| No. Rooms | 8 |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 1.32/1,000 SF |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 8 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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693 Masons Beach Rd - 693 Masons Beach Road, First South
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