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Last Updated : 660 Days ago
104888 Highway 7, Madoc, Ontario,

104888 Highway 7, Madoc MLS Number: X8166504

Madoc, Hastings, ON, K0K 2K0

$2,995,000

Status: OFF MARKET

  • Property Type: Commercial (Sale Of Business)
  • Property Taxes : $8763.76 (Tax Year:2023)
  • Listing Courtesy : Re/max Hallmark Eastern Realty

104888 Highway 7 Property Description

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.

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104888 Highway 7 Property Facts

Property Type :Commercial
MLS Number :X8166504
Listing Type :Sale
Property Age :51-99 Years
Possession Date :
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Last Updated :04 Jun, 2024 (660 Days ago)
Source :TRREB
Area :Hastings
Postal Code : K0K 2K0

104888 Highway 7 Property Price & Tax Insights

Price : $2,995,000
Property Taxes :$8763.76
Tax Year :2023

104888 Highway 7, Madoc Property Details

Cross Street :Highway 7, 5.7 Km W Of Hwy 62
Fireplace/Stove :No

104888 Highway 7, Madoc - Price History

2024-03

22 Mar, 2024

TREB #X8166504

Available

$2995000.0

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