$1,499,900
( )
 $8,052 est/mo Sourced by Back At You

191 Castor St , Russell, ON K4R 1B8

Russell, ON K4R 1B8

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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.

Details

MLS#X9515522
Listing TypeFor Sale
StyleOther
Sub-TypeResale
StatusActive
Days On Site14
Listing Provided ByAVENUE NORTH REALTY INC. | Not Provided

Features

Zoning471
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 3 minutes ago
ProvinceON
CountyRussell
CityRussell
Postal CodeK4R 1B8
AreaPrescott and Russell
Community Name601 Village of Russell
Listing VS Median (in 601 Village of Russell)
Price:
$1,499,900
low | high
Med:
$0
On Site:
14
low | high
Med:
Sourced by Back At You
Listing Updated: October 30, 2024 at 5:54:02 AM PDT