349 Wellington Main Street Wellington, Ontario K0K 3L0

$10,500,000

Invest in one of Ontario's fastest-growing summer tourist destinations. The Lakeside Motel is a beautifully renovated boutique hotel on the shores of Lake Ontario in Prince Edward County, licensed for up to 437 guests and featuring 11 guest rooms, 2 private cottages, and 5 newly constructed solid cabanas. The property includes PEC’s largest waterfront patio and bar with seating for up to 160 guests, a 70-foot outdoor pool with bar, hot tub, sauna, fire pits, fully equipped outdoor kitchen, service bar, prep kitchen, and dish area. Additional on-site amenities include a food truck, liquor store, gift shop, and rentals for bicycles, kayaks, and canoes. The shoreline has been restored with added water access and dock. Recent upgrades include a new generator, outdoor sound system, and Porsche EV chargers. Only two hours from Toronto and four from Montreal, this turn-key property is one of PEC’s most unique hospitality destinations. Financials available upon request. Opportunity to acquire two adjacent properties with potential to expand operations. Includes 351 Wellington Main St, sold together with 349 Wellington Main St, offering combined frontage of 172.55 ft, total site area of 2.23 acres, and parking of 40 + 12 spaces. Each property is held under separate ownership (see Schedule B), with with separate zoning designations (349 Wellington Main St C2, 351 Wellington Main St R1) and combined 2024 taxes of $20,030 (separate assessments). (id:41954)

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https://www.realtor.ca/real-estate/29048049/349-wellington-main-street-wellington