104888 Highway 7, Madoc, Ontario K0K 2K0

Listed for:
$2,995,000
0 beds
0 baths
Listed 46 days ago
104888 Highway 7, Madoc, Ontario K0K 2K0

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Learn more about this property
Listing provided by:
RE/MAX HALLMARK EASTERN REALTY
MLS® number:
X8166504
Agent:
Tom Hyland
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About

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! (id:27476)

Property Highlights

Type
Cooling type
Fully air conditioned
Heating fuel
Fireplace
No
Construction material
Parking space
Ownership Type
Amenities nearby
Highway

Location