REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,500,000
Est. payment /mo
New
650 King ST E Gananoque, ON K7G 1H3
58 Baths
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $5,500,000
Subdivision 05 - Gananoque
MLS Listing ID X12176480
Annual Tax Amount $86,546
Tax Year 2024
Property Sub-Type Investment
Property 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.
Location
Province ON
County Leeds And Grenville
Community 05 - Gananoque
Area Leeds And Grenville
Interior
Cooling Yes
Exterior
Community Features Major Highway
Utilities Available Available
Lot Frontage 253.0
Listed by CENTURY 21 PEOPLE`S CHOICE REALTY INC.