$3,500,000
Available - For Sale
Listing ID: X9359398
780 King St West , Gananoque, K7G 2H5, Ontario
| Colonial Resort (Hotel) in 1000 Islands, ON - an independently owned and operated, 54 Guest Rooms and 4 BR Apartment/Manager Quarter, located close to Hwy 401 and just 30 min east of Kingston. The hotel has indoor (heated) and outdoor Swimming pool, in-house Restaurant and Bar (restaurant & bar have been closed, currently hotel only serves breakfast), LLBO permit, a valid Liquor License in place with indoor + outdoor sitting capacity of over 300 people. Breakfast area, Lounge, Library area, Gift shop, Party room etc. Very quiet place for the guests to relax and enjoy peaceful stay. Downtown and all other amenities including 1000 Island Cruise line and St Lawrence River are just minutes away. The property sitting on about 7 acres of land surrounded by matured residential neighbourhood and across the road new residential developments going on. High demand of land in this neighbourhood, great future potential to use excess land for development. Gananoque is a gateway to 1000 Islands, a world famous tourist destination where many local and international TOUR BUSES stop and stay overnights. The resort accommodates groups and tour buses between June to October and makes good income in the season. (for upcoming 2025 season, confirmed bookings from the tour bus companies are in place) Asking price is less than $65,000 per door. The buyer would need minimum 40% to 50% down payment for bank financing (NO VTB). All showings must book through the listing brokerage only, please Do Not call or approach directly. Seasonal Operation from April to October. (Business remains closed in the winter months, however showings can be arranged any day, any time with 24 to 48 hours notice) |
| Extras: For more pictures and details, please check Expedia, Booking.com or Colonial Resort website |
| Price | $3,500,000 |
| Taxes: | $39502.00 |
| Tax Type: | Annual |
| Occupancy by: | Owner |
| Address: | 780 King St West , Gananoque, K7G 2H5, Ontario |
| Postal Code: | K7G 2H5 |
| Province/State: | Ontario |
| Lot Size: | 268.00 x 484.00 (Feet) |
| Directions/Cross Streets: | King St W (Hwy 2) & Garfield St |
| Category: | With Property |
| Use: | Hotel/Motel/Inn |
| Building Percentage: | Y |
| Total Area: | 6.91 |
| Total Area Code: | Acres |
| Office/Appartment Area: | 200 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 150 |
| Retail Area Code: | Sq Ft |
| Business/Building Name: | Colonial Resort, 1000 Islands |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 7 |
| Hours Open: | 7am-11p |
| Employees #: | 4 |
| Seats: | 120 |
| LLBO: | Y |
| Washrooms: | 60 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| CENTURY 21 PEOPLE`S CHOICE REALTY INC. |
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Sarah Saberi
Sales Representative
Dir:
416-890-7990
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Leeds & Grenville |
| Municipality: | Gananoque |
| Neighbourhood: | 821 - Gananoque |
| Lot Size: | 268.00 x 484.00(Feet) |
| Tax: | $39,502 |
| Baths: | 60 |
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