TerminatedDetached

22823 Hwy 7

Name: 22823 Hwy 7 - Terminated Aug 2024
Brand: KELLER WILLIAMS COMPLETE REALTY
Price: 850000 CAD
Availability: OutOfStock

Tay Valley - 905 - Bathurst/Burgess & Sherbrooke (South Sherbrooke) Twp

22823 Hwy 7

Tay Valley - 905 - Bathurst/Burgess & Sherbrooke (South Sherbrooke) Twp

$1,262,000

Listed For $850,000

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Terminated Aug 2024

8 Bedrooms Bedrooms

3 Bathrooms Bathrooms

0 Garage Garage

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

Key facts for 22823 Hwy 7

Tax$1,309 / 2023

Property TypeDetached, 2-Storey

Size2500-3000 ft²

ParkingNone Spaces, Total 7 Spaces

Parking FeaturesPrivate

BasementNone

Listing #X8323376

Days on Market--

Listing BrokerageKELLER WILLIAMS COMPLETE REALTY

Data SourcePROPTX

Inquire with Realtris

(866) 511-7171

info@realtris.ca

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Home Price

Amortization

Interest Rate

Down Payment

* Values are estimates only and not a guarantee of lending or affordability.

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Cash Flow Analysis

Est. Mortgage Payment

$4,151/mo

Monthly Expenses & Income

Property Tax

Maint. / Fees

Est. Rental Income

$4.4% net yield

Net Monthly Cash Flow-$710

Inquire with Realtris

(866) 511-7171

info@realtris.ca

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