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Business For Sale

$2,390,000

253 Matthews Lane

MLS® Number: 202508345

Floor Area

26,000

Land Size

15.55

Year Built

2025

About This Property

Briarwood Coastal Cottages and Lodge in Western PEI is a turn-key hospitality investment nestled amid unspoiled natural beauty. This property offers a unique blend of comfort, luxury, and versatility with panoramic views of Dock River, promising steady income and growth potential. Briarwood offers 6 housekeeping cottages, 8 overnight rooms, and 8 one-bedroom kitchen suites. The recently renovated cottages combine modern comfort with a homely touch. With 22 rental units in total and a large, well-furnished seven-bedroom house on site, Briarwood is perfectly equipped to welcome a wide array of guests year-round.The upgraded banquet hall on-site can accommodate up to 60 guests for events ranging from corporate meetings to weddings, enhanced by renovated kitchens, new banquet chairs, and modern amenities. Liquor and food premise licenses add to its revenue-generating capabilities. Set on a +15 acre lot, with 8 acres primed for new lodging development or subdivision into waterfront lots, there's significant expansion potential. The property includes approximately 5,000 SF of warehouse space for operational needs. Guests enjoy modern amenities such as high-speed internet, satellite TV, air conditioning, and pet-friendly options. The exemplary exterior grounds, a recipient of the PEI Beautification Society Tourism Award, feature two new lodge decks, solar lighting, recognized as one of Canada's Historic places Additional assets include a 24-hour outdoor security surveillance system, a 2021 18' pontoon boat, a 2019 John Deere tractor, and everything you need for a seamless transition of operations. Located near Alberton, Briarwood benefits from proximity to dining, shopping, and outdoor activities like golf and hiking. Supported by a strong community rapport, memberships in various tourism and business organizations, exceptional reviews, and an established online presence, Briarwood is a premier choice for investors seeking a profitable and reputable hospitality business.

Property Details

Interior Details

Flooring

Other

Living Area

26000 sqft

Building & Exterior

Building Features

Laundry Facility, Living Accommodation, Air Conditioning

Parking Features

Parking Space(s), Visitor Parking

Year Built

2025

Land & Location

City Region

Alberton

Lot Features

Paved driveway

Lot Size Area

15.55

Lot Size Dimensions

15.55

Parcel Number

1120104

Postal Code

C0B1B0

Listing & Financials

Listing Office

COLLIERS PEI

Originating System Name

Prince Edward Island Real Estate Association

Other Specifications

Common Interest

Freehold

Country

Canada

Security Features

Security system, Smoke Detectors, Monitored Alarm

Waterfront Features

Waterfront on river

Mortgage Calculator

20% ($478,000)
5.5%
25 Years

Estimated Monthly Payment

$11,741

Principal and interest only. Actual rates may vary.

Location & Map

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