A pic from exterior of the house or condo for 22823 Hwy 7, Maberly Ontario K0H 2B0
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A pic from exterior of the house or condo for 22823 Hwy 7, Maberly Ontario K0H 2B0
55 Days on Market

22823 Hwy 7, Maberly, Ontario K0H 2B0

$1,262,000
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Detached
8
3 + 1
~2802 sqft

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Highlights

Estimated Value$837,000*

Price/Sqft$450/sqft

Days On Market55 days

Est. Mortgage$5,420/mth

Tax Amount (2023)$1,309/yr

*Last updated on: 24/07/03

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

Style2 Storey
View-
Age of property-
SqFt~2802 SqFt
Lot Size-
Parking Spaces7
MLS ®NumberH4193400
Community NameTay Valley
Data SourceRAHB

Features

Heating: Baseboard,Forced Air,Heat Pump,Radiant

Parking

Garage spaces -

Garage type -

Other parking spaces 7

Total parking spaces 7


Property History

Now
Listed for$1,262,000
55 days on market
history photo preview15
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Property listed by Keller Williams Complete Realty, Brokerage
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