$3,500,000 FOR SALE

Business for Sale

Hotel/Motel/Inn

Lot: 268 x 484 ftTotal Area: 6.91 acres
2024 Taxes: $39,502

780 King St W
Gananoque, ON K7G 2H5 | Leeds & Grenvi

Colonial Resort, 1000 Islands - an independently owned and operated, 54 Guest Rooms and 4 BR Apartment for the Owner/Manager to stay. The resort has indoor and outdoor Swimming pool, in-house Restaurant (currently closed), LLBO permit and sitting capacity of about 120 people, Breakfast area, Lounge, Library area, Gift shop, Party room etc. Current owner had done reasonable upgrades and renovations. Very quiet place for the guests to relax and enjoy peaceful stay. Downtown and other amenities including 1000 Island Cruise line and St Lawrence River just minutes away. Very well maintained 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, just 30 min east of Kingston is a gateway to 1000 Islands, a world famous tourist destination where many local and international tour buses stop and stay overnight. The resort accommodates groups and tour buses between June to October and makes good income in the season. Serious Sale for Serious Buyers, Asking price is less than $65,000 per door. The buyer would need about 40% to 50% down payment for bank financing (NO VTB). All showings book through the listing brokerage only, please Do Not call or approach the resort staff directly.

Extras
For more pictures and details, please check Expedia, Booking.com or Colonial Resort website

Share

Listed By CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9359398
Last Updated Sep 20, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Hotel/Motel/Inn
Franchise Non-Franchise
Business/Building Name Colonial Resort, 1000 Islands
Category With Property
PIN 442530080
Occupancy Owner
Possession Date 30-90 days
Taxes (2024) $39,502
Tax Type Annual
Directions/Cross Streets King St W (Hwy 2) & Garfield St
Area Leeds & Grenvi
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Bathrooms 60
Lot 268 x 484 ft
Retail Area 150 ft2
Office/Apt Area 200 ft2
Total Area 6.91 acres
Air Conditioning Y
Basement N
Chattels Y
Garage Type Outside/Surface
Days Open 7
Hours Open 7am-11p
LLBO Y
Employees 4
Heat Type Baseboard
Financial Statement Y
Seats 120
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning Commercial C2 - Motel
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.