$ 1,499,900
191 CASTOR ST Russell, ON K4R 1B8
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$ 1,499,900
Est. payment | /mo
$ 1,499,900
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9515522
Annual Tax Amount $11,314
Tax Year 2023
Property Description
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.
Location
Province ON
County Prescott And Russell
Area 601 - Village Of Russell
Rooms
Family Room No
Basement Full, Unfinished
Interior
Cooling Central Air
Heat Source Gas
Exterior
Garage Spaces 26.0
Pool None
Utilities Available Unknown
Roof Type Tar and Gravel
Building
Story 2
Foundation Concrete
Others
Security Features Unknown
Pets Description Unknown
Listed by AVENUE NORTH REALTY INC.