$499,000
Available - For Sale
Listing ID: X12167570
22823 Highway 7 High , Tay Valley, K0H 2B0, Lanark
| Incredible Investment Opportunity Across from Stunning Silver Lake with elevated views! Welcome to a rare and unique property located on Highway 7 just west of Maberly, directly across from the shimmering waters of Silver Lake. Formerly a motel with an on-site restaurant, currently this property has been thoughtfully converted into 18 fully rented long-term rental units charging from $700-$1200 per unit, 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 are split into 8 units with a shared bathroom steps away for a total of 18 units on this spectacular property. 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. Continue with the current rental model or reimagine the space to suit your vision. A scenic, income-producing gem with endless potential |
| Price | $499,000 |
| Taxes: | $2422.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 22823 Highway 7 High , Tay Valley, K0H 2B0, Lanark |
| Postal Code: | K0H 2B0 |
| Province/State: | Lanark |
| Legal Description: | PT LT 9 CON 9 SOUTH SHERBROOKE AS IN RS1 |
| Directions/Cross Streets: | Highway 7 across from Silver Lake |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Accommodation |
| Building Percentage: | T |
| Total Area: | 2.28 |
| Total Area Code: | Acres |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| CENTURY 21 SYNERGY REALTY INC |
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Shaukat Malik, M.Sc
Broker Of Record
Dir:
647-575-1010
Bus:
416-400-9125
Fax:
1-866-516-3444
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Lanark |
| Municipality: | Tay Valley |
| Neighbourhood: | 905 - Bathurst/Burgess & Sherbrooke (South S |
| Tax: | $2,422 |
| Fireplace: | N |
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