NewFor Sale

650 King Street E
Gananoque, Leeds and Grenville, ON, K7G 1H3

Investment
TRREB
MLS® Number: X12176480
$5,500,000List Price
InvestmentProperty Type
1.687 acresSize
$86,546 / 2024Taxes (Annual)
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Property Location

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Listing History

Buy/sell history for 650 King Street E, Gananoque, ON K7G 1H3

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Description

Riviera Inn and Suites 1000 Islands 54 ROOM HOTEL with 2 Bedroom, Living Room, 1.5 Washroom Owner's Apartment For Sale in the heart of Gananoque, at the exit of Hwy 401. Current Owner had been successfully managing this profitable YEAR ROUND OPERATION since 2017. The Hotel has on-site Restaurant "Wheel & Anchor Restaurant & Bar" and a Heated Swimming Pool to serve its Guests and Tour Bus Groups . All Rooms have been Renovated and Upgraded, including Metal Roof, Flooring, Blinds, Furniture, Lightings, Digital Signs etc. etc. The Hotel is ideally situated in the busy commercial area of the town, minutes away from McDonald's, Tim Hortons, No Frills, Canadian Tire and other amenities +The Shorelines Casino & the 1000 Islands cruise line attracts many local and international visitors. Gananoque - just 30 minutes from Kingston, is a gateway to 1000 Islands, a world-famous tourist destination where many local and international TOUR BUSES stop and stay overnight. This Hotel accommodates Tour Buses and Groups from all over the world. The Hotel has a huge parking lot, 4 to 5 tourist buses can be parked. A great Investment opportunity for this Profitable and Year Round Business. The seller's strict instructions: The Employees run the operation and this is EXTREMELY BUSY TIME so Please DO NOT go direct to the property without having a confirmed showing appointment.

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$86,546 / 2024
Listing #:X12176480
Property Type:Investment
Size:1.687 acres
Days on CPRB:
Garage:Outside/Surface
Locker:None
On CPRB Since:
Listing Brokerage:CENTURY 21 PEOPLE`S CHOICE REALTY INC.

Rooms

Details

Property

Property Type:Investment
Community:05 - Gananoque
Municipality:Leeds and Grenville

Building

Size:1.687 acres

Inside

Bedrooms:0
Bathrooms:58
Kitchens:0
Family Room:No

Parking

Garage Type:Outside/Surface
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Electric Forced Air

Land

Cross Street:King St E & Thousand Islands Pkwy

$5,500,000

List price

650 King Street E, Gananoque – Investment for sale · MLS® # X12176480 | CPRB