$ 3,500,000
780 King ST W Gananoque, ON K7G 2H5
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$ 3,500,000
Est. payment /mo
Active
780 King ST W Gananoque, ON K7G 2H5
60 Baths
6 SqFt
UPDATED:
09/21/2024 02:36 AM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 6 sqft
Price per Sqft $583,333
MLS Listing ID X9359398
Annual Tax Amount $39,502
Tax Year 2024
Property Description
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.
Location
Province ON
County Leeds & Grenville
Interior
Cooling Yes
Exterior
Utilities Available Yes
Listed by CENTURY 21 PEOPLE`S CHOICE REALTY INC.