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 (id:4069)
Address
780 KING STREET W
List Price
$3,500,000
Property Type
Business
Area
Ontario
Sub-Area
Gananoque
Bathrooms
60
Floor Area
7 Sq. Ft.
Lot Size
268 x 484 FT Sq. Ft.
MLS® Number
X9359398
Listing Brokerage
CENTURY 21 PEOPLE'S CHOICE REALTY INC.
Postal Code
K7G2H5
Zoning
Commercial C2 - Motel
Features
Irregular lot size
