22823 Hwy 7
Central Frontenac
$1,262,000
Buy with Dwelly and Save $12,620
Home Details
Buy with Dwelly and save $12,620 refund
Refunds vary by sale price, market and are subject to a minimum commission. Please get in touch and read the Refund Terms and Conditions to learn more.
Listing 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 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.
City: Central Frontenac
Property History
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 22823 Hwy 7 is 6330
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $1262000 |
| Down Payment | $252400 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1009600 |
Monthly Payment
| Mortgage Payment | $6221 |
| Property Taxes | $109 |
| Maintenance Fees | $0 |
| Monthly Payment | $6330 |
About 22823 Hwy 7, Central Frontenac
Located at 22823 Hwy 7 , this Central Frontenac house is available for sale. This property was listed for $1,262,000 on Thu May 09 2024. This house's size is 2500-3000 Sqft. It has 8 bedrooms and 3 bathrooms. The property includes the following rooms: . This property comes with 7 parking spots.
MLS#: X8323376 · $1,262,000 · 8 bedroom house in Central Frontenac