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Home ON Prince Edward County
2052 COUNTY RD 18 ROAD
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2052 COUNTY RD 18 ROAD $1,390,000
$1,390,000
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2052 COUNTY RD 18 ROAD
Prince Edward County (Athol Ward), Ontario K0K2T0

MLS® Number: X12603662

Listing Description

UNMATCHED HOTEL DEVELOPMENT OPPORTUNITY IN PRINCE EDWARD COUNTY - THE CLOSEST PERMITTED HOTEL SITE TO SANDBANKS PROVINCIAL PARK. This exceptional property offers what no other hotel project ever will: legal proximity to Sandbanks Provincial Park. Due to municipal restrictions, no future hotel will be approved closer than this site-situated approximately 200 meters from the park's main entrance. The location provides an unmatched advantage for guests seeking walkable access to one of Ontario's most popular tourist destinations, while remaining only minutes from the wineries, breweries, and dining options that define Prince Edward County. An approved Site Plan Agreement has been fully completed and is ready for execution. All required municipal reports and technical studies have already been conducted and submitted, creating a genuine shovel-ready development opportunity. The site plan calls for a one story building that contains 14 hotel rooms, each with their own outdoor patio, as well a 1500 sq ft, two story building that has a lobby/common area on the first floor and a large VIP suite on the second floor. There is a two bed, two bath house currently on the site that is used as an STA as well as a one story commercial building. The house generates 40k-50k in annual income. Current development plans call for the demolition of the commercial building and the house being moved to another location. A long list of studies and reports have been conducted during the approval period and can be made available upon request. They include but are not limited to; light study, traffic study, environmental reports, hydrogeological and storm water management. An excellent sales package is attached to this listing that includes conservative revenue projections. (41768904)

Location Description

Cross Streets: East Lake Road to County Rd.18. East to property l. ** Directions: East Lake Road to County Rd.18. East to property located across from Caddy Shack mini putt.

Property Summary

Property Type
Retail
Community Name
Athol Ward
Land Size
200 x 174 FT
Age Of Building
16 to 30 years
Annual Property Taxes
$3,087
Time on REALTOR.ca
10 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Baseboard heaters
Utilities
Utility Sewer
Septic System
Water
Drilled Well

Measurements

Square Footage
2552 sqft

Land

Lot Features
Frontage
200 ft
Land Depth
174 ft
Other Property Information
Zoning Description
CH-13
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Andrew Walmsley