349 WELLINGTON MAIN Street, Wellington349 WELLINGTON MAIN Street, Wellington — photo 2349 WELLINGTON MAIN Street, Wellington — photo 3349 WELLINGTON MAIN Street, Wellington — photo 4349 WELLINGTON MAIN Street, Wellington — photo 5349 WELLINGTON MAIN Street, Wellington — photo 6349 WELLINGTON MAIN Street, Wellington — photo 7349 WELLINGTON MAIN Street, Wellington — photo 8349 WELLINGTON MAIN Street, Wellington — photo 9349 WELLINGTON MAIN Street, Wellington — photo 10349 WELLINGTON MAIN Street, Wellington — photo 11349 WELLINGTON MAIN Street, Wellington — photo 12349 WELLINGTON MAIN Street, Wellington — photo 13349 WELLINGTON MAIN Street, Wellington — photo 14349 WELLINGTON MAIN Street, Wellington — photo 15349 WELLINGTON MAIN Street, Wellington — photo 16349 WELLINGTON MAIN Street, Wellington — photo 17349 WELLINGTON MAIN Street, Wellington — photo 18349 WELLINGTON MAIN Street, Wellington — photo 19349 WELLINGTON MAIN Street, Wellington — photo 20349 WELLINGTON MAIN Street, Wellington — photo 21349 WELLINGTON MAIN Street, Wellington — photo 22349 WELLINGTON MAIN Street, Wellington — photo 23349 WELLINGTON MAIN Street, Wellington — photo 24349 WELLINGTON MAIN Street, Wellington — photo 25349 WELLINGTON MAIN Street, Wellington — photo 26349 WELLINGTON MAIN Street, Wellington — photo 27349 WELLINGTON MAIN Street, Wellington — photo 28349 WELLINGTON MAIN Street, Wellington — photo 29349 WELLINGTON MAIN Street, Wellington — photo 30349 WELLINGTON MAIN Street, Wellington — photo 31349 WELLINGTON MAIN Street, Wellington — photo 32349 WELLINGTON MAIN Street, Wellington — photo 33349 WELLINGTON MAIN Street, Wellington — photo 34349 WELLINGTON MAIN Street, Wellington — photo 35349 WELLINGTON MAIN Street, Wellington — photo 36349 WELLINGTON MAIN Street, Wellington — photo 37
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For Sale · Hospitality

349 WELLINGTON MAIN Street, Wellington

349 WELLINGTON MAIN Street, Wellington, ON K0K3L0

$6.7M total

6,000 SF

Asset Class

Hospitality

Size

6,000 SF

Building class

B

Zoning

CHY — Highway Corridor

$ / SF

$1117

Occupancy

84%

Year Built

1957

Lot Size

1.45 ac

About this property

Invest in one of Ontario's fastest growing tourist summer destinations. The Lakeside Motel is a beautifully renovated and 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 hot tub, sauna, and fire pits create 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 dock. Recent upgrades include a new generator, an outdoor sound system, Porsche EV chargers, along with 5 newly constructed cabanas and pool bar. Only two hours from Toronto and four hours from Montreal, this is one of PEC’s most unique hospitality properties. Financials available upon request. See virtual tour for video. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$6.70M
Down payment30% · $2.01M
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$31K

Projected NOI

$299K

Annual cash flow

$-72K

Cash-on-cash

-3.59%

DSCR

0.81

Going-in cap

4.46%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy1,876 SF2031-10
Lakeview Physiotherapy1,182 SF2031-10
Lakeview Physiotherapy1,976 SF2031-10

Area demographics

Trade area within 3 miles of the property.

Population

63,032

Households

24,299

Median income

$99,000

Median age

32.4

Daytime population

70,652

5-yr growth

5.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 349 WELLINGTON MAIN Street, Wellington.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.