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 and video are available in the property brochure URL linked below.
- ID:
- 202625486
- Category:
- Single Family
- Status:
- Active
- Living Area:
- 3826.0 square feet
- Stories:
- 3.00
- Bathrooms:
- 5
- Bathrooms (partial):
- 3
- Bedrooms:
- 3
- Lot:
- 0.1498 acres
- MLS® Number:
- 202625486
- Common Interest
- Freehold
- Parcel Number:
- 60733136
- Building Type:
- House
- Community Name:
- Mahone Bay
- Days On Market:
- 5
- View of water
- Wall unit
- Air Conditioned
- 3 Level
- Heat Pump
- Baseboard heaters
- Radiant heat
- Oil
- Electric
- Radiator
- Hot Water
- Ductless
- Stone
- Cellar
- Tile
- Linoleum
- Wood
- House
- Municipal water
- Municipal sewage system
| Other | 18.5 x 39.2 | |
| Other | 8.11 x 26 | |
| Other | 11.6 x 32.6 | |
| Foyer | 15 x 4.8 | |
| 2pc Bathroom | 3.11 x 7.10 | |
| 2pc Bathroom | 4.4 x 7.10 | |
| 2pc Bathroom | 5.9 x 7.10 | |
| Den | 14.7 x 14.6 | |
| Storage | 11.6 x 6.4 | |
| Kitchen | 11.5 x 18.5 |
| Kitchen | 15.2 x 8.11 | |
| Dining room | 15.2 x 14. 8 | |
| Living room | 27.0 x 15.3 | |
| 4pc Bathroom | 5.7 x 8.6 | |
| Bedroom | 11.6 x 8.11 |
| 4pc Bathroom | 9.6 x 8.8 | |
| Primary Bedroom | 27 x 15 | |
| Bedroom | 27x15 |
Inquire Today
Dawn Magee
MLS® Listing data is provided by The Canadian Real Estate Association (CREA) and is deemed reliable but not guaranteed. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and related logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listing information is provided by participating real estate brokerages.