349 Wellington Main Street Prince Edward County, Ontario K0K 3L0

$10,500,000

Invest in one of Ontario's fastest growing tourist summer destinations. The Lakeside Motel is a beautifully renovated and boutique hotel located on the shores of Lake Ontario in Prince Edward County. Licensed for up to 437 guests, this turn-key destination features 13 thoughtfully designed accommodations, including 11 guest rooms and 2 private cottages, along with 5 newly constructed solid cabanas. Ample parking supports peak-season demand, making it ready for immediate continued success. The property is home to PEC's largest waterfront patio and bar, offering seating for up to 160 guests with breathtaking views of the lake. A 70-foot outdoor pool with its own bar, as well as hot tub, sauna, and fire pits create an elevated guest experience, complemented by a fully equipped outdoor kitchen, service bar, prep kitchen, and dish area. In inclement weather, the enclosed seasonal pool bar and cabana dining area provide functional alternatives. Additional on-site amenities include a food truck, liquor store, giftshop, and rentals for bicycles, kayaks, and canoes. The shoreline has been restored with added water access and dock. Recent upgrades include a new generator, an outdoor sound system, and Porsche EV chargers. Only two hours from Toronto and four hours from Montreal, this is one of PEC's most unique hospitality properties. Financials available upon request. Opportunity to acquire two adjacent properties with potential to expand operations. Includes adjacent property at 351 Wellington Main St, Prince Edward County, K0K 3L0, 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 separate zoning designations (349 Wellington Main St C2, 351 Wellington Main St R1) and combined 2024 taxes of $20,030 (separate assessments). (id:60365)

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https://www.realtor.ca/real-estate/29048549/349-wellington-main-street-prince-edward-county-wellington-ward-wellington-ward