Listed by Keller Williams Complete Realty.

22823 Hwy 7 is a Detached, 2-Storey and is currently for Sale @ $1,262,000. Taxes in 2023 were $1,309.00.

More homes for sale under 1.3M in Central Frontenac

Welcome to the epitome of investment opportunity in the heart of Silver Lake's bustling landscape. The 2-Storey on 22823 Hwy 7 has 8 bedrooms, 3 bathrooms, and is located on a 0.00 x 240.54 ft lot in the community of . 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.

The address 22823 Hwy 7 was listed for sale (MLS# X8323376) on Thursday, May 09, 2024.