780 King Street West, Gananoque | Image 1

780 King Street West

Gananoque

  • Commercial

$3,500,000
For Sale

Added 2 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Hotel/Motel/Inn

  • Zoning: Commercial C2 -

  • Age: No Data

  • Taxes: 39502

  • MLS®#: X9359398

  • Added: Sep 20, 2024 (2 months ago)

  • Updated:

  • Last Checked: 10 hours ago

  • Listed By: CENTURY 21 PEOPLE`S CHOICE REALTY INC.

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

Property

  • Status: Sale

  • Type: Hotel/Motel/Inn

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Area: Gananoque

  • Availability Date: 30-90 days

Inside

  • Bathrooms: 60

  • Air Conditioning: Y

  • Washrooms: 60

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Baseboard

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2024

  • Taxes: $39,502

  • Taxes Type: Annual

Land

  • Cross Street: King St W (Hwy 2) &

  • Municipality District: Gananoque

  • Parcel Number: 442530080

  • Lot Depth: 484 Feet

  • Lot Frontage: 268 Feet

  • Zoning: Commercial C2 -

Commercial Specific

  • Number of Employees: 4

  • Retail Area: 150

  • Retail Area Metric: Sq Ft

  • Total Area: 6.91

  • Total Area Metric: Acres

  • Hours Open: 7am-11p

  • Office Size: 200

  • Office Size Metric: Sq Ft

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 120

  • Business/Building Name: Colonial Resort, 1000 Islands

  • Financial Statement: Y

  • LLBO: Y

Map of 780 King Street West, Gananoque
JK-6

Sweet's Corners Public School

Elementary: Public
22.67 km
7-8

Gananoque Intermediate School

Elementary: Public
1.81 km
JK-8

Joyceville Public School

Elementary: Public
13.01 km
JK-6

Linklater Public School

Elementary: Public
1.15 km
JK-6

Thousand Islands Elementary School

Elementary: Public
15.04 km
JK-8

St Joseph's Separate School

Elementary: Catholic
1.45 km
9-12

Rideau District High School

Secondary: Public
32.22 km
9-12

Gananoque Secondary School

Secondary: Public
1.78 km
9-12

Frontenac Learning Centre

Secondary: Public
27.01 km
9-12

La Salle Secondary School

Secondary: Public
23.78 km
9-12

Kingston Collegiate and Vocational Institute

Secondary: Public
27.66 km
9-12

Regiopolis/Notre-Dame Catholic High School

Secondary: Catholic
26.78 km