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22823 HWY-7

HWY-7, Tay Valley, ON, K0H 2B0

8
Beds
3
Baths
$1,262,000
List Price
Details
Photos
15
Comparables
History
22823 HWY-7, Tay Valley, ON - 1 of 3
22823 HWY-7, Tay Valley, ON - 2 of 3
22823 HWY-7, Tay Valley, ON - 3 of 3
New
11 days on market

Quick Summary

  • Thriving investment property with 18 fully rented units
  • Panoramic views of shimmering Silver Lake from prime location
  • Diverse accommodation options including cozy cabins and spacious living quarters
  • Consistent monthly gross income of $14,500 from varied rental rates
  • Communal amenities like pool table, pinball, and laundry facilities
  • Meticulously designed units with private bathrooms, kitchenettes, and living areas
  • Seamless transition from thriving restaurant and motel to renowned Silver Lake Motel
  • Unparalleled investment opportunity in the heart of Silver Lake

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... Show More

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:54626)

Property Details

Size

Sq. Ft. Not Available
across 2 floors
8 Beds
8 Above Grade
3 Baths
3 Full

Parking

7 Parking Spaces
-

Build

Year Built
-
Model Name
-
Basement
-
Exterior
Vinyl siding, Aluminum siding
Foundation
Slab
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Baseboard heaters
Cooling
-

Utilities

Water
-
Sewer
Septic System
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
X8323376
Last Updated
May 14, 2024
Brokerage
KELLER WILLIAMS COMPLETE REALTY
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