846 King Street E Gananoque, Ontario K7G 1H3

80 Bathroom 9.063 ac
Fully Air Conditioned Forced Air


78 ROOM HOTEL ""RAMADA BY WYNDHAM"" for Sale in heart of Gananoque getaway to the 1000 ISLANDS just east of Kingston, Ontario. All Rooms have been fully renovated and upgraded during the last 4 Years, The Owner has spent over $1.2 Million in renovation and upgrades. The Hotel is spread over 9 acres of commercial gateway zoned land right off the 401. The huge commercial lot offers great opportunities for future development and is conveniently located less than a minute off the highway. Located near the Shorelines Casino & the 1000 Islands cruise line, the hotel stays very busy from June to October as the region attracts many local and international visitors. The hotel also accommodates groups and tour buses from all over the world. The hotel is just minutes away from restaurants, grocery stores, schools, banks, and LCBO and about a 15-minute drive from the Hill Island border to USA. Currently the swimming pool is under renovation (will be ready in few weeks at about $125K costs). The seller has recently done an appraisal in April 2024 by a bank approved ACCI appraiser and the listing price justifies the market value of the property. The selling price is under $90,000 PER KEY with the CAP RATE over 8.5%. Smart investors don't miss the opportunity to grab this 78-rooms hotel sitting on over 9 acres of land. **** EXTRAS **** Accountant prepared financial statements and other confidential documents will be provided after the offer acceptance. Income and expenses summary will be provided to the qualified buyers upon signing the confidentiality agreement. (id:52603)


Business Type Accommodation
Business Sub Type Motel

Property Details

MLS® Number X8307104
Property Type Business
Amenities Near By Highway
Features Irregular Lot Size


Bathroom Total 80
Cooling Type Fully Air Conditioned
Heating Fuel Electric
Heating Type Forced Air
Size Interior 9.063 Ac
Utility Water Municipal Water


Acreage No
Land Amenities Highway
Sewer Sanitary Sewer
Zoning Description Commercial- Hotel


120 Matheson Blvd E #103
Mississauga, Ontario L4Z 1X1

(905) 366-8100
(905) 366-8101


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