22823 Hwy 7, Maberly, Ontario K0H 2B0
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Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.$837,000*
Price/Sqft$450/sqft
Days On Market55 days
Est. Mortgage$5,420/mth
Tax Amount (2023)$1,309/yr
Description
Welcome to the epitome of investment opportunity in the heart of Silver Lake's bustling landscape. Nestled just across the highway, this property offers an unrivaled location boasting panoramic views of the shimmering lake, igniting visions of endless possibilities. Formerly operating as a thriving restaurant and motel, it has seamlessly transitioned into the renowned Silver Lake Motel, a fully rented haven with 18 meticulously designed units. From cozy cabins to spacious living quarters, each unit is a testament to comfort and convenience, featuring private bathrooms, kitchenettes, and living areas. The main building houses 7 units, while 3 self-contained cabins and 8 units in the back cabins provide versatile accommodation options. With a consistent monthly gross income of $14,500 and a range of rental rates catering to diverse needs, this property has lots of potential. Encompassing communal amenities such as a pool table, pinball machine, and laundry facilities, it fosters a vibrant community atmosphere. Embrace the allure of Silver Lake living and seize this unparalleled investment opportunity today.
Property Details
Interior
Features
Exterior
Parking
Garage spaces -
Garage type -
Other parking spaces 7
Total parking spaces 7
Property History
![history photo preview](https://cdn.wahi.com/listings/images/rahb/IMG-H4193400_1-256.webp)
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