$3,500,000
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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 quite place for the guests to relax and enjoy peaceful stay. Downtown and other amenities including 1000 Island Cruse 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 overnights. 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 at the resort staff directly.
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