$1,798,800
316 COLEBROOK ROAD
Beds
6
Baths
1
Sqft
8,000
Year
—
Type
Business
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Stone Mills (Stone Mills). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
An exceptional hospitality or event-driven investment opportunity in the heart of Stone Mills. Set on approximately 4 acres, this iconic limestone estate (c.1851) offers over 6,000 sq ft of finished space with a layout ideally suited for conversion into a Bed & Breakfast, boutique inn, or micro wedding venue. The main residence features 20+ rooms, including multiple oversized bedrooms-many with large closets or adjacent spaces-offering strong potential for ensuite bathroom conversions to create private guest suites. The scale and configuration naturally support a multi-suite hospitality model with dedicated common areas for dining, lounging, and guest experiences. A key advantage: commercial septic system already in place, significantly reducing development hurdles and supporting increased occupancy capacity-an essential component for hospitality use. The property also includes 310 Colebrook Road, a separate dwelling ideal for innkeeper or owner-operator living quarters, staff housing, or additional rental income-allowing for a seamless separation between business operations and guest accommodations. Surrounded by scenic countryside and located within reach of Kingston, Prince Edward County, and Ottawa, this property is perfectly positioned to attract weekend getaway guests, host intimate weddings or retreats, and establish a standout destination in a growing tourism corridor. With its historic charm, expansive footprint, and critical infrastructure already in place, this is a rare opportunity to fast-track a hospitality vision without starting from scratch. *photos have been AI generated see captions for details (id:65958)
- Subtype
- Business
- Community
- 63 - Stone Mills
- Living area
- 8,000 square feet
- Lot size
- 4 acres
- Lot dimensions
- 4
- Parking
- 6 total
- On market
- Mar 28, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $12,325
- Zoning
- Hamlet Residential Zone
- Photos
- 45
- MLS#
- X12931514
- Area
- STONE_MILLS_(STONE_MILLS)
Features and systems
Appliances
Heating
Cooling
Lot
Cash on cash
-6.32%
Cap rate
3.60%
GRM
16.7
Break-even rent
$10,994
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.