650 King Street, Gananoque, ON K7G 1H3

Gananoque K7G 1H3 Ontario

MLS: X12176480

$5,500,000

Added 4 days ago | For Sale

Listed by: CENTURY 21 PEOPLE`S CHOICE REALTY INC.

About Property

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

  • House Style:Investment
  • Bathrooms:58
  • Land Size: 253 X 0
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:King St E & Thousand Islands Pkwy
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $86546
  • Bedrooms:
  • Total Parking Spaces:88
  • Parking Places:88
  • Heating Type:Electric Forced Air
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12176480

About Agent
Harpreet Singh
REALTOR®
(647) 825-3131 [email protected]
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