650 King Street, Gananoque, ON K7G 1H3
$5,500,000
$5,500,000

650 King Street

05 - Gananoque, Gananoque, Leeds and Grenville $5,500,000

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58 Baths
Outside/Surface Garage
Parking for 88
Zoning: C2-Commercial-Hotel
MLS®#:
X12176480
Property Type:
Investment
Property Style:
Area:
Leeds and Grenville
Community:
05 - Gananoque
Taxes:
$86,546 / 2024
Added:
May 27 2025
Lot Frontage:
253
Lot Depth:
0
Status:
Active
Outside:
Year Built:
Brokerage:
CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Intersection:
King St E & Thousand Islands Pkwy
Rooms:
Bedrooms:
Bathrooms:
58
Fireplace:
Utilities
Water:
Municipal
Cooling:
Yes
Heating Type:
Electric Forced Air
Heating Fuel:

Listing Details

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.

A full list of chattels, equipment and appliances included in the price will be provided to the buyer after the offer acceptance.

Insights

  1. Established Business with Proven Profitability: The Riviera Inn and Suites has been successfully managed by the current owner since 2017, indicating a stable and profitable year-round operation, making it an attractive investment opportunity.
  2. Prime Location in a Tourist Hotspot: Situated at the exit of Hwy 401 in Gananoque, the hotel is a gateway to the 1000 Islands, attracting both local and international visitors, which enhances its potential for high occupancy rates.
  3. Comprehensive Amenities for Guests: The property features a restaurant, heated swimming pool, and renovated rooms, catering to both individual travelers and tour groups, which can significantly enhance guest satisfaction and repeat business.

Neighbourhood

Schools, amenities, travel times, and market trends near 650 King Street
Schools

4 public & 5 Catholic schools serve this home. Of these, 9 have catchments.

Parks & Rec

1 golf course, 1 dog park and 2 other facilities are found in major parks near this home.

Transit

Rail transit stop less than 4 km away.

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05 - Gananoque home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in 05 - Gananoque
100%
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)