31 MARCEL STREET Russell

31 MARCEL STREET, Russell, Ontario

$899,900

  • 5 Beds
  • 4 Baths

Discover this thoughtfully designed duplex, an ideal opportunity for investors or buyers looking to offset their mortgage by living in one unit and renting out the other. This well-maintained property offers both comfort and practicality, with great income potential. The upper unit features a bright, open-concept kitchen and living/dining area with a patio door leading to a spacious deck, perfect for outdoor enjoyment. With 3 bedrooms, 2.5 bathrooms, and a large laundry room, this unit is well-suited for families or professionals seeking space and convenience. The lower unit has a private side entrance and includes 2 bedrooms plus a den, a full bathroom, and its own laundry room. The bright, open-concept living area boasts a cozy fireplace, and a great modern kitchen. Both units are equipped with separate furnaces, HRVs, hot water tanks, and individual gas and hydro meters, giving tenants control over their utilities. Tenants pay heating and hydro, while the landlord covers up to $100 per month for water. The property is fully rented, with 31 Marcel generating $2,800 per month and 31A generating $2,200 per month. The upper unit has a 5 year lease expiring on April 1st 2029 and the lower unit lease is in place until April 1, 2025, after which they will transition to a month-to-month agreement. Whether you're looking to grow your portfolio or find a home that generates income, this duplex is a rare opportunity you wont want to miss! (id:56241)

  • Listing ID: X11923690
  • Property Type: Single Family

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Rooms

LevelTypeDimensions
Primary Bedroom Second level 4.88 m x 4.57 m
Bedroom 2 Second level 4.27 m x 3.05 m
Bedroom 3 Second level 4.27 m x 3.05 m
Bathroom Second level 1.52 m x 1.83 m
Kitchen Basement 5.79 m x 2.13 m
Primary Bedroom Basement 3.96 m x 3.35 m
Bedroom 2 Basement 5.18 m x 3.96 m
Living room Basement 6.4 m x 6.1 m
Living room Main level 6.71 m x 3.66 m
Dining room Main level 3.96 m x 3.66 m
Kitchen Main level 5.49 m x 2.74 m
Foyer Main level 5.18 m x 3.35 m

Details

  • Amenities Nearby: Park
  • Features: In-Law Suite
  • Parking Spaces: 5
  • Structure: Deck
  • Transaction: For sale

Building

  • Amenities: Fireplace(s), Separate Heating Controls, Separate Electricity Meters
  • Appliances: Garage door opener remote(s), Water Heater - Tankless, Dishwasher, Dryer, Garage door opener, Hood Fan, Refrigerator, Two stoves, Two Washers
  • BasementType: N/A
  • Basement Features: Apartment in basement, Separate entrance
  • Bedrooms Main Level: 3
  • Bedrooms Lower Level: 2
  • Cooling: Central air conditioning, Air exchanger
  • Exterior Finish: Stone, Vinyl siding
  • Fireplace Present: True
  • Fireplace Total: 2
  • Foundation: Poured Concrete
  • Bathrooms (Half): 1
  • Bathrooms (Total): 4
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 2
  • Type: Duplex
  • Utility Water: Municipal water

Land

  • Amenities: Park
  • Sewer: Sanitary sewer
  • Size Frontage: 40 ft
  • Size Irregular: 40 x 134.91 FT
MLS®

Listing provided by LOCKE REAL ESTATE INC.
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REALTOR®

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 31 MARCEL STREET in Embrun Ontario. It was last modified on January 14th, 2025. Contact us to schedule a viewing or to discover other Embrun homes for sale.

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