A Unique Opportunity
This could be a unique business opportunity available to real estate or hospitality investors. This high producing Bed and Breakfast close to Highway 401 near Kingston, Ontario has the potential to significantly off-set your home ownership costs, including your mortgage, utilities and taxes.
This 3 star accommodation property is a refreshed 1895 red brick Victorian Farmhouse settled on an idyllic lot and comes complete with all furnishings and appliances. This B&B has scores of positive reviews on several major travel sites (such as Airbnb, Booking.com, Expedia, and TripAdvisor) and a tremendous staff and support structure that can be transferred to ensure operations remain smooth and guests continue to be happy.
Highway 401 is 1.5 km away and sees approximately 46,400 cars drive past each day. This is a prime location—close to the highway, but still rural—that will give a creative investor the ability to develop a special business in this location.
Average annual B&B income since 2015 is approximately $35,000. Also note that 2018 has been our strongest year to date, with a significant year-to-date increase over 2017. This could be a great way for the new owner to off-set their home ownership costs.