349 WELLINGTON MAIN STREET, Prince Edward County (Wellington Ward)

$6,700,000

For sale: Other

Other at 349 WELLINGTON MAIN STREET, Prince Edward County (Wellington Ward)
Property type
Sale Of Business
MLS®
MLS® X13475196
Neighbourhood
Wellington Ward

Invest in one of Ontario's fastest-growing tourist summer destinations. The Lakeside Motel is a beautifully renovated 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. 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 a hot tub, sauna, and fire pits, creates 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, gift shop, and rentals for bicycles, kayaks, and canoes. The shoreline has been restored with added water access and a dock. Recent upgrades include a new generator, an outdoor sound system, and Porsche EV chargers, along with 5 newly constructed cabanas and a pool bar. Only two hours from Toronto and four hours from Montreal, this is one of PEC's most unique hospitality properties. The property was recently featured by Destination Ontario as one of the Top 5 Outdoor Pools in Ontario, highlighting a key amenity that attracts guests and drives repeat visitation. The adjacent property, also owned by the sellers, may be leased for staff accommodations. See virtual tour for video.

Sold data

Homes in Prince Edward County (Wellington Ward) — recent sold market

Homes in Prince Edward County (Wellington Ward) took a median of 44 days to sell over the last 90 days, with the quickest quarter selling within 23 days and the slowest quarter taking more than 83, across 151 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 77 days.

The median sale price was $615,000.

Homes sold for about 3.3% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
44
Median sale price
$615,000
Sale-to-list ratio
96.7%
Sold above asking
9%

Based on 151 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 349 WELLINGTON MAIN STREET