About 13 Parade Street
nvestment Opportunity with Development Potential! Welcome to the Mid-Town Motel—an exceptional investment near the heart of Yarmouth’s downtown core, the Heritage District, and just minutes from the international ferry to the USA. Situated on a prominent corner lot, this 31-bedroom property includes a charming heritage home that has been expanded over time. It offers three separate entrances and two paved parking areas. The main building features an office/reception, two 2-piece washrooms, a spacious laundry area, mudroom, a large kitchen with ample prep space, a beautiful wood-panelled dining room showcasing original craftsmanship, and a grand front sitting room with fireplace that serves as a cozy guest lounge. Upstairs are four large guest suites (two with private baths) and six boarding rooms with a shared bath. Two bachelor suites are also located on the main floor. The newer wing houses 19 motel rooms on two levels, each with its own bathroom. Many have been renovated; others await finishing. Nine rooms are currently rented to long-term tenants, generating consistent income and offering a strong foundation for future cash flow. Extensive recent upgrades include a new fire-code-compliant sprinkler system, updated plumbing, new hot water and oil tanks, upgraded electrical panels, new exterior railings, fire escape, and balcony stairs. Roof shingles were replaced in June 2023. With over 11,000 sq ft of usable space and a prime location, this property is a compelling candidate for residential conversion. Government incentives are available for landlords transforming existing buildings into rental units—a major opportunity in today’s housing market. Whether you're seeking a live-in business, income property, or redevelopment project, the Mid-Town Motel delivers location, scale, and upside. Don’t miss this rare chance to invest in one of Yarmouth’s most versatile and promising properties.
