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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:48215)
MLS® Number | H4193400 |
Property Type | Single Family |
Equipment Type | None |
Features | Crushed Stone Driveway, Country Residential |
Parking Space Total | 7 |
Rental Equipment Type | None |
Bathroom Total | 3 |
Bedrooms Above Ground | 8 |
Bedrooms Total | 8 |
Architectural Style | 2 Level |
Basement Type | None |
Construction Style Attachment | Detached |
Exterior Finish | Aluminum Siding, Vinyl Siding |
Half Bath Total | 1 |
Heating Fuel | Electric, Natural Gas |
Heating Type | Baseboard Heaters, Forced Air, Radiant Heat |
Stories Total | 2 |
Size Exterior | 2802 Sqft |
Size Interior | 2802 Sqft |
Type | House |
Utility Water | Unknown, Well |
Gravel | |
No Garage |
Acreage | No |
Sewer | Septic System |
Size Frontage | 240 Ft |
Size Irregular | 240.54 X 0 |
Size Total Text | 240.54 X 0|1/2 - 1.99 Acres |
Level | Type | Length | Width | Dimensions |
---|---|---|---|---|
Second Level | Bedroom | 13' 6'' x 14' 7'' | ||
Ground Level | Dining Room | 10' 3'' x 3' 8'' | ||
Ground Level | Dining Room | 5' 8'' x 3' 11'' | ||
Ground Level | Bedroom | 11' 9'' x 8' 7'' | ||
Ground Level | Living Room | 18' 8'' x 8' 2'' | ||
Ground Level | Kitchen | 4' 10'' x 15' 9'' | ||
Ground Level | Living Room | 9' 10'' x 15' 9'' | ||
Ground Level | Bedroom | 9' 5'' x 8' 6'' | ||
Ground Level | Dining Room | 10' 9'' x 5' '' | ||
Ground Level | Bedroom | 14' 6'' x 10' 5'' | ||
Ground Level | Bedroom | 11' 10'' x 14' 10'' | ||
Ground Level | Living Room | 8' 9'' x 8' 3'' | ||
Ground Level | Kitchen | 12' 8'' x 9' '' | ||
Ground Level | Bedroom | 10' 11'' x 17' 3'' | ||
Ground Level | 3pc Bathroom | Measurements not available | ||
Ground Level | 3pc Bathroom | Measurements not available | ||
Ground Level | Dining Room | 9' 6'' x 5' 11'' | ||
Ground Level | Bedroom | 14' 8'' x 10' 3'' | ||
Ground Level | Dining Room | 9' 1'' x 4' 11'' | ||
Ground Level | Bedroom | 11' 5'' x 9' 6'' | ||
Ground Level | Family Room | 22' 3'' x 10' 10'' | ||
Ground Level | 2pc Bathroom | Measurements not available |
https://www.realtor.ca/real-estate/26871631/22823-hwy-7-maberly
Michael K. Johnson
Salesperson
(905) 308-8333
Frank Kirschner
Salesperson
(905) 308-8333