REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,500,000
Est. payment /mo
Active
780 King ST W Leeds & Grenville, ON K7G 2H5
60 Baths
6 SqFt
UPDATED:
01/02/2025 11:18 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6 sqft
Price per Sqft $583,333
Municipality Gananoque
MLS Listing ID X9359398
Annual Tax Amount $39,502
Tax Year 2024
Property Description
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)
Location
Province ON
County Leeds & Grenville
Community 821 - Gananoque
Area Leeds & Grenville
Zoning Commercial C2 - Motel
Region 821 - Gananoque
City Region 821 - Gananoque
Interior
Cooling Yes
Inclusions All chattels, equipment, bedding, furniture etc. in each room and open inventory is included - A full chattel list will be provided after offer acceptance.
Exterior
Parking Features Outside/Surface
Utilities Available Yes
Building
Lot Description Lot
Lited by CENTURY 21 PEOPLE`S CHOICE REALTY INC.