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22823 Hwy 7 Maberly, Ontario K0H 2B0

8 Bedroom 3 Bathroom 2802 sqft
2 Level Baseboard Heaters, Forced Air, Radiant Heat

$1,262,000

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. (id:53590)

Property Details

MLS® Number H4193400
Property Type Single Family
Equipment Type None
Features Crushed Stone Driveway, Country Residential
Parking Space Total 7
Rental Equipment Type None

Building

Bathroom Total 3
Bedrooms Above Ground 8
Bedrooms Total 8
Architectural Style 2 Level
Basement Type None
Construction Style Attachment Detached
Exterior Finish Aluminum Siding, Vinyl Siding
Half Bath Total 1
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air, Radiant Heat
Stories Total 2
Size Exterior 2802 Sqft
Size Interior 2802 Sqft
Type House
Utility Water Unknown, Well

Parking

Gravel
No Garage

Land

Acreage No
Sewer Septic System
Size Frontage 240 Ft
Size Irregular 240.54 X 0
Size Total Text 240.54 X 0|1/2 - 1.99 Acres

Rooms

Level Type Dimensions
Second Level Bedroom 13' 6'' x 14' 7''
Ground Level Dining Room 10' 3'' x 3' 8''
Ground Level Dining Room 5' 8'' x 3' 11''
Ground Level Bedroom 11' 9'' x 8' 7''
Ground Level Living Room 18' 8'' x 8' 2''
Ground Level Kitchen 4' 10'' x 15' 9''
Ground Level Living Room 9' 10'' x 15' 9''
Ground Level Bedroom 9' 5'' x 8' 6''
Ground Level Dining Room 10' 9'' x 5' ''
Ground Level Bedroom 14' 6'' x 10' 5''
Ground Level Bedroom 11' 10'' x 14' 10''
Ground Level Living Room 8' 9'' x 8' 3''
Ground Level Kitchen 12' 8'' x 9' ''
Ground Level Bedroom 10' 11'' x 17' 3''
Ground Level 3pc Bathroom Measurements not available
Ground Level 3pc Bathroom Measurements not available
Ground Level Dining Room 9' 6'' x 5' 11''
Ground Level Bedroom 14' 8'' x 10' 3''
Ground Level Dining Room 9' 1'' x 4' 11''
Ground Level Bedroom 11' 5'' x 9' 6''
Ground Level Family Room 22' 3'' x 10' 10''
Ground Level 2pc Bathroom Measurements not available

https://www.realtor.ca/real-estate/26871631/22823-hwy-7-maberly

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