Russell, ON K4R 1B8,191 CASTOR ST
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Russell, ON K4R 1B8,191 CASTOR ST
Russell, ON K4R 1B8,191 CASTOR ST
Russell, ON K4R 1B8,191 CASTOR ST
Russell, ON K4R 1B8,191 CASTOR ST
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191 CASTOR ST Russell, ON K4R 1B8


UPDATED:

12/19/2024 06:55 AM

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

Community 601 - Village Of Russell

Area Prescott And Russell

Region 601 - Village of Russell

City Region 601 - Village of Russell

Rooms

Family Room No

Interior

Cooling Central Air

Heat Source Gas

Exterior

Garage Spaces 26.0

Utilities Available Unknown

Roof Type Tar and Gravel

Lot Depth 100.0

Building

Story 2

Foundation Concrete

Others

Security Features Unknown

Pets Allowed Unknown


Listed by AVENUE NORTH REALTY INC.

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Janice Carter

+1(289) 969-1147

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191 CASTOR ST