Why are there so many Bed and Breakfasts for sale in Niagara on the Lake?
Bed &Breakfast owners in Niagara are usually on their second career and are empty nesters. They can put a large down payment or have no mortgage but are too young (especially at heart) to stop working. The average age of an owner is 55 to 63.
After a few years (5-10) Bed & Breakfast owners are ready to completely retire and leave the gardening & entertaining to someone else. They have made great friends from around the world and are ready to visit them. B&B's are usually large houses and are no longer needed - hence it is someone else is turn to welcome guests. Time to sell the Bed & Breakfast! Again there are around 200 bed and breakfasts in the Niagara region. At any given time if 5% of the Bed and breakfasts in the Niagara region are for sale then that would be 10 Not all of the Bed and breakfasts that are for sale are listed on MLS, nor are there signs on the front lawn (that would hurt business). If you would like information sent to you on all that I know are for sale contact me and I will send then to you.