21
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$499,000
Est. payment /mo
2 SqFt
Pending
22823 Highway 7 HWY Tay Valley, ON K0H 2B0
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $249,500
Subdivision 905 - Bathurst/Burgess & Sherbrooke (South Sherbrooke) Twp
MLS Listing ID X12167570
Annual Tax Amount $2,422
Tax Year 2024
Property Sub-Type Investment
Lot Depth 246.0
Lot Front 351.0
Property Description
Incredible Investment Opportunity Across from Stunning Silver Lake with elevated views! Welcome to a rare and unique motel property located on Highway 7 just west of Maberly, directly across from the shimmering waters of Silver Lake, currently charging from $700-$1200 per unit a month, which brings in more than $14,000.00 a month in revenue offering immediate and steady income. The main building hosts a common area with washer/dryer and a full bathroom with shower, 7 units all with own bathrooms, living area and some with kitchenettes. There are 3 self contained cabins all with own bathrooms, kitchenettes, living area and views, while the back 4 cabins have a shared bathroom steps away. Situated in a high-visibility location with easy highway access, the property is steps away from Silver Lake Provincial Park, offering swimming, boating, hiking, and more. A public boat launch is just across the road, perfect for tenants and visitors to enjoy. This is an outdoor enthusiasts paradise and just a quick 10-minute drive to the vibrant village of Sharbot Lake for shopping, dining, and community events. With a solid rental history, beautiful surroundings, and potential for further development or business ventures, this property invites endless possibilities. A scenic, income-producing gem with endless potential
Location
Province ON
County Lanark
Community 905 - Bathurst/Burgess & Sherbrooke (South Sherbrooke) Twp
Area Lanark
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 351.0
Lot Depth 246.0
Others
Security Features No
Listed by CENTURY 21 SYNERGY REALTY INC
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