191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell
  • 191 CASTOR STREET Russell

191 CASTOR STREET, Russell, Ontario

$1,499,900

Discover an outstanding residential and commercial investment in Russell, boasting a spacious 4800 sqft all brick building with a basement area. Currently, the main floor hosts four leased commercial units, while upstairs features three apartments: two 2-bedroom and one 3-bedroom. The basement includes pay laundry facilities and individual storage lockers for each unit. With a large heat pump boiler system ensuring efficiency, this property offers 26 parking spots and a compelling 5.9% cap rate. Gross Operating Income stands at $122,118 (excluding Commercial HST), with Operating Expenses of $33,401.15, resulting in a Net Operating Income of $88,716.85 (excluding Commercial HST). Commercial AC Units x 4 replaced in 2022. With its prime location and high rental demand, this investment opportunity in Russell is not to be missed. Schedule a viewing today to secure your position in this flourishing market. (id:56241)

  • Listing ID: X9515522
  • Property Type: Multi-family
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Details

  • Parking Spaces: 26
  • Transaction: For sale
  • Zoning Description: 471

Building

  • Cooling: Central air conditioning
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Concrete
  • Heating: Heat Pump
  • Heating Fuel: Natural gas
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 125 ft
  • Size Irregular: Unit=125 x 100 FT ; 0
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 191 CASTOR STREET in Russell Ontario. It was last modified on February 23rd, 2024. Contact us to schedule a viewing or to discover other Russell real estate for sale.

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