45 King Street, Rideau Lakes - Business for Sale
45 King Street, Rideau Lakes, Ontario, K0E1G0
This business in Rideau Lakes is for sale offering roughly 5,609 sq ft of space. It has been on the market 49 days, fresher than the Rideau Lakes average of 132 days.
Description
Discover Kingsgate Lake House, a rare opportunity to own a profitable, turn-key short-term rental business on Upper Beverley Lake in Delta, Ontario. Built in 1853, this fully furnished property blends historic charm with modern amenities and an 8+ year track record of strong rental income. Main House: A beautifully maintained 5-bedroom home accommodating up to 12 guests. Guesthouse Suite: 1-bedroom with full kitchen, living, bath, laundry, and private deck overlooking the lake. Perfect for guests or as an on-site Owners Suite. Coach house & Loft: 3-car garage plus a spacious finished loft, roughed-in for kitchen and bath ready to convert into a third income-generating unit. Waterfront Lifestyle: Private dock with canoe, 2 kayaks, and paddle boat. Hot tub, firepit, BBQ, gardens, and expansive outdoor entertaining spaces. Proven revenue of $85,000 to $110,000 annually so far and can be increased once the third unit is added. Established listings on Airbnb & VRBO with excellent reviews and loyal repeat guests. Turn-key systems: dedicated cleaning team, handyman support, automated check-in/out, and fully stocked with linens, kitchenware, and furnishings .Growth potential, operate up to three rentable units for diversified income. Expand revenue with weddings, retreats, corporate events, and film opportunities. Grow direct bookings beyond Airbnb/VRBO. Prime Location in Delta, Ontario. Just steps from grocery, LCBO, and cafes, and home to the Old Stone Mill National Historic Site. Festivals like the Maple Syrup Festival, Delta Fair, and Harvest Festival keep guests returning year after year. Conveniently located 30 minutes from Kingston & Brockville, 1.5 hours from Ottawa, and 2.5 hours from Montreal. Lifestyle + Investment Part of the UNESCO Rideau Canal corridor. Kingsgate Lake House offers both a profitable business and the chance to own a piece of Canadian history. Operate, expand, and enjoy a lifestyle investment that pays for itself.Turn-key. Profitable. (id:66096)
Property Details
- MLS®
- X13789036
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- N/A
- Bedrooms
- 5
- Bathrooms
- 2
- Parking
- 4
- Interior Size
- 5,609 ft²
- Frontage
- 210 ft
- Building Area
- 5,609 ft²
- Heating
- Radiant heat
- Cooling
- Fully air conditioned
- Garage
- Other
- Waterfront
- Yes
- Property Tax
- $4,299.83/yr
- Listed
- 49 days ago
Features
- Appliances
- Washer, Dishwasher, Dryer, Hood Fan
Services
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 49 days on market, against an average age of 132 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 5-bed business in Rideau Lakes has been listed for 49 days, which is 83 days fresher than the city average of 132. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0E)
This home lists at $895,000, about 10.8× the local median household income of $83,000.
Carrying it typically needs a household income of about $174,825 (20% down, 25-yr amortization, stress-tested) — roughly 111% above the area median.
- Median household income
- $83,000
- Population
- 39,649
- Median age
- 49.6
- Owner / renter
- 84% / 16%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K0E)
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$895,000
Rideau Lakes