$3,200,000
Available - For Sale
Listing ID: X12118622
780 King Stre West , Gananoque, K7G 2H5, Leeds and Grenvi
| Colonial Resort (Hotel) in 1000 Islands, ON - an independently owned and operated, 54 Guest Rooms and 3 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, 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 neighborhood. High demand of land in this neighborhood, 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 and makes good income. Seasonal Operation from mid April to October. (Business remains closed in the winter months) For more pictures and details, please check Expedia, Booking.com or Colonial Resort website. |
| Price | $3,200,000 |
| Taxes: | $39502.00 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 780 King Stre West , Gananoque, K7G 2H5, Leeds and Grenvi |
| Postal Code: | K7G 2H5 |
| Province/State: | Leeds and Grenvi |
| Directions/Cross Streets: | King St W (Hwy 2) & Garfield St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Accommodation |
| Use: | Hotel/Motel/Inn |
| Building Percentage: | T |
| Total Area: | 6.91 |
| Total Area Code: | Acres |
| Office/Appartment Area: | 200 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Business/Building Name: | Colonial Resort - 1000 Islands |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 7am- 11 |
| Employees #: | 5 |
| Seats: | 200 |
| Washrooms: | 60 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Yes |
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| CENTURY 21 PEOPLE`S CHOICE REALTY INC. |
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416-901-9881
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416-901-8881
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At a Glance:
| Type: | Com - Investment |
| Area: | Leeds and Grenville |
| Municipality: | Gananoque |
| Neighbourhood: | 05 - Gananoque |
| Tax: | $39,502 |
| Baths: | 60 |
| Fireplace: | N |
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