22823 Highway 7 Highway Maberly, Ontario K0H 2B0

$850,000

A unique opportunity in prime location across the highway from Silver Lake. This high traffic with elevated views of the lake will get you dreaming of the possibilities. Formerly ran as a fully licensed restaurant and motel with living quarters is now being used as Silver Lake Motel, a fully rented motel with monthly rates and has 18 units that rent from $600 to $1000 a month, current gross income of $13,000 a month. The main building has 7 units all with own bathrooms, kitchenettes and living area, there are 3 self contained cabins all with own bathrooms, kitchenettes, living area and views, while the back 4 cabins are split into 8 units with shared bathroom steps away for a total of 18 units on this spectacular property. These units rent monthly with no vacancies ever. The main common area houses a pool table, pinball machine, washer and dryers and also a full bathroom with shower. The view and location will get you dreaming of the huge potential. (id:37611)

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https://www.realtor.ca/real-estate/25384705/22823-highway-7-highway-maberly-maberly-silver-lake