1 / 50
Investment signal

$949,900

501 Mill Cove Shore Road

Beds

6

Baths

4

Sqft

Year

About this home

Oceanfront Investment Opportunity - a rare opportunity to own a beautifully upgraded home with exceptional ocean views in the tranquil community of Birchy Head, Nova Scotia. Currently operating as a successful Airbnb, this property offers significant income potential for investors seeking a turnkey rental business or those looking for a vacation home with financial upside. The homeowners have made numerous updates and renovations over the years, ensuring that the property combines modern comforts with timeless coastal charm. i.e. new roof (2022), new furnace (2023), new hot water tank and water storage system (2024), new appliances in each unit, bedroom and bathroom, etc. The result is a well-maintained and inviting space that attracts visitors seeking a peaceful retreat by the sea. Boasting an incredible oceanview, this home provides the perfect backdrop for relaxation, with guests returning year after year for its serene setting and breathtaking vistas. Whether youre enjoying a morning coffee on the deck or taking in the sunset from the comfort of the living room, the Atlantic Ocean is always in view, making this property a truly special place. 501 Mill Cove Shore Road offers more than just a picturesque location its a thriving business opportunity. This beautiful home is 4310sf in total and consists of 4 units which all have their own entries. You can live in one and rent the other three. With a proven track record as a top-rated Airbnb, this property generates consistent income and provides an excellent return on investment. Dont miss your chance to own a piece of Nova Scotia's beauty while securing an excellent income-generating property. To schedule a viewing today! (id:65958)

Subtype
Single Family
Architectural style
2 Level
Lot size
0.19 acres
MLS#
202522894
Area
BIRCHY_HEAD
Negative cash flow ~$1,852/mo at these assumptions

Cash on cash

-11.70%

Cap rate

3.55%

GRM

16.7

Break-even rent

$6,700

Financing

Down payment$189,980
Loan amount$759,920
Mortgage$4,662/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$435
Insurance$80
Maintenance$792
CapEx reserve$396
Vacancy loss$238

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,662/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.