88 HIGHWAY 32 HIGHWAY N, Front of Leeds & Seeleys Bay

$3,999,900

For sale: Other

Other at 88 HIGHWAY 32 HIGHWAY N, Front of Leeds & Seeleys Bay
Property type
Commercial Retail
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® X13849790
Neighbourhood
02 - Front of Leeds & Seeleys Bay

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***

Sold data

Homes in Front of Leeds & Seeleys Bay — recent sold market

Homes in Front of Leeds & Seeleys Bay took a median of 33 days to sell over the last 365 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 62, across 49 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 34 days.

The median sale price was $599,900.

Homes sold for about 2.7% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
33
Median sale price
$599,900
Sale-to-list ratio
97.3%
Sold above asking
8%

Based on 49 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 88 HIGHWAY 32 HIGHWAY N