$3,999,900
Front of Leeds & Seeleys Bay
88 Highway 32 Highway North, Front of Leeds & Seeleys Bay, Ontario, K7G2V3
This retail property in Front of Leeds & Seeleys Bay is for sale offering roughly 4,500 sq ft of space. It has been on the market 34 days, fresher than the Front of Leeds & Seeleys Bay average of 98 days.
INVESTMENT & RE-DEVELOPMENT OPPORTUNITY on 41 ACRES | THOUSAND ISLANDS / GANANOQUE | HIGHWAY 401. A rare opportunity to acquire approximately 41 acres of strategically located commercial land in one of Eastern Ontario's premier tourism destinations. Located immediately off the Highway 401 corridor near Gananoque and the Thousand Islands, this substantial property offers exceptional visibility, accessibility and long-term redevelopment potential.Currently zoned CT-21 Tourist Commercial Special Zone, the property presents an exciting opportunity for investors, developers and hospitality groups looking to capitalize on the strength of the Thousand Islands tourism market. EXPLORE THE POSSIBILITIES. Potential re-development concepts may include, subject to applicable zoning and municipal approvals: Destination resort or hospitality development hotel, lodge or tourism accommodations recreation and adventure-based tourism destination retail & entertainment event or conference facilities, expanded tourism attractions, aviation-related commercial uses, mixed tourism-commercial concepts, large-scale commercial or recreational development, other innovative destination uses. The property currently features an established commercial facility with approximately 4,500 sq. ft. of existing building area, including hangar, reception and administrative space, providing an existing infrastructure base while a purchaser evaluates future re-development with approximately 41 acres, substantial road frontage and direct proximity to Highway 401. This is an opportunity to acquire a significant commercial landholding in the 1000 Islands tourism corridor. ***Kouri's Kopters Inc. & 1000 Islands Helicopter Tours also available for purchase for an additional $1,499,000. This established helicopter business may be acquired in conjunction with the property, providing a unique opportunity to purchase both the real estate and an operating aviation business*** (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 34 days on market, against an average age of 98 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Front of Leeds & Seeleys Bay has been listed for 34 days, which is 64 days fresher than the city average of 98. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,999,900, about 51.6× the local median household income of $77,500.
Carrying it typically needs a household income of about $781,320 (20% down, 25-yr amortization, stress-tested) — roughly 908% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7G)
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