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Last Updated : 6 Days ago
846 King St E, Gananoque, Ontario,
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846 King St E, Gananoque MLS Number: X8307104

Gananoque, Leeds & Grenvi, ON, K7G 1H3

$6,999,000

Status: For Sale

  • Property Type: Commercial (Investment)
  • Property Taxes : $57615.00 (Tax Year:2023)
  • Listing Courtesy : Century 21 People`s Choice Realty Inc.

846 King St E Property Description

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.

846 King St E Property Facts

Property Type :Commercial
MLS Number :X8307104
Listing Type :Sale
Possession Date :
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Last Updated :13 May, 2024 (6 Days ago)
Area :Leeds & Grenvi
Postal Code : K7G 1H3
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Source :TRREB

846 King St E Property Price & Tax Insights

Price :$6,999,000
Property Taxes :$57615.00
Tax Year :2023

Property Details for 846 King St E, Leeds & Grenvi, Ontario

Cross Street :King St E & Thousand Islands Pkwy
Fireplace/Stove :No

846 King St E, Leeds & Grenvi - Price History

2024-05

05 May, 2024

TREB #X8307104

Available

$6999000.0

About 846 King St E, Leeds & Grenvi

846 King St E is an ideal solution for individuals, business owners and entrepreneurs seeking commercial space tailored to their specific requirements. Corporates, small business owners and individuals alike will appreciate this 846 King St E with a highly strategic location at the K7G 1H3 in Ontario. Working out of this spacious commercial property in Canada will ensure higher productivity, greater wellbeing of employees/workers and highly convenient access points all around.

846 King St E offers approx. square footage with ample provisions for quality infrastructure and amenities for the workplace. Check the X8307104 carefully along with the project before checking out how it compares to similar Commercial situated nearby. Enjoy the benefits of reasonable 57615.00 and an attractive 6,999,000 while getting several vibrant benefits at the same time.

This Sale can be readily found online by searching for the right Commercial in Canada, particularly in your desired Ontario and K7G 1H3. You will enjoy ample sqft at this project along with getting access to the best infrastructure including and Outside/Surface for accommodating vehicles in tandem with , and easy access to the nearest cross street which is King St E & Thousand Islands Pkwy. The locality has a good walk score while offering easy access to public transit facilities and an excellent bike score , making it highly convenient for your people to reach in a timely manner without any hassles at all.

You can check out several attractive $34,995 available on the 6,999,000 and these help in making things more pocket-friendly and comfortable for you by all means. You should keep an eye out for special $34,995 and other attractive incentives for buying this Commercial in Ontario and at K7G 1H3. Based upon the sheer approx. square footage available for users along with amenities, this makes for a value proposition by all means. This X8307104 offers a safe, secure and comfortable experience for users in Canada. Experience luxurious, comfortable and sleek experiences at this stylishly designed Commercial with the best materials and fixtures for company. Construction quality is top-notch while you can expect a highly convenient and innovative layout along with suitable configurations for enabling a modern workforce.

Pocket-friendly pricing aside, you will get all assistance with mortgages at reasonable rates along with customer support round the clock online for attending to all your queries and helping you close the deal for this Commercial successfully. 846 King St E promises to be a great option for those seeking elegantly designed commercial spaces suitable for meeting multifarious needs. The need of the hour is designing spaces which are located amidst good communities with proper public amenities and facilities and also suitable infrastructure at the same time. Commercial properties in Canada are available with elegant and stylish designs at K7G 1H3 and you will find a value addition at 846 King St E by all means.

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