104888 Highway 7

Madoc | | K0K 2K0
  • 5356.0 sqft
  • 0 gar

$2,995,000

Est. Mtg $10,155 /mo
  • Days on market

    103

  • Status

    A

Listing Broker RE/MAX HALLMARK EASTERN REALTY
Since listed: 2 views

Home details

MLS #:

X8166504

Property type:
Sale Of Business
Style:
Taxes:
$8,764
Possession:
other
Condo Fee:
Lot Size:
380.0 X 215.0
Zoning:
C1
Use:
Hotel/Motel/Inn
Heat:
Gas Forced Air Closd

Description


104888 Highway 7, , Madoc, Ontario is a Sale Of Business property in Madoc and in the community in the K0K 2K0 postal code


You've Probably Driven by This One! Landmark Motel on Highway 7, Newly Completed Full Renovation with Brand New Plumbing, Electrical and Mechanical for Low Operating Costs. Excellent Cash Flow and Low Vacancy Rate. New Security Camera System. All 12 Units Have Full Kitchens with Brand New Full Fridges, Stoves, and Dishwashers in Each. 14 Private Fire Pits, One for Each Individual Room and New Volleyball Court Out Back. FULLY RENOVATED Private Quarters for Owner/Operator. Close to Town for Shopping and Conveniences. Midway Between Toronto and Ottawa, It's a Welcoming Spot for Travelers, Workers and Sportsmen Alike. Reception Area is Cafe Ready. Room to Expand on 1.9 Acres. Average Daily Traffic Count 3,900 (4,600 Summer/3.300 Winter -2016). Major Hydro Project Starting Nearby in 2026. Additional Potential Income from Billboards. VTB Available at 4.5% to Qualified Buyer..

Extras

3,000 Workers Will Need a Place to Stay!.



Payment calculator

$10885 monthly. In association with: TD Bank
%
  • Principal and Interest
    10155 /mo
  • Property Taxes
    $730 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Mike Zamani, Realtor

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