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

Address Unavailable , 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
Sub-TypeResale
StatusNew
Days On Site87
Listing Provided ByAVENUE NORTH REALTY INC. | Not Provided

Features

BasementY
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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Learn More About This Property

SAMIRA SHUJA

SAMIRA SHUJA

Coldwell Banker The Real Estate Centre

 (647) 292-7001Contact Me Form Link
StateON
CountyPrescott and Russell
CityRussell
Zip CodeK4R 1B8
Area601 Village of Russell
Listing VS Median (in K4R 1B8)
Price:
$1,499,900
low | high
Med:
$0
On Site:
87
low | high
Med:
Sourced by Back At You
Listing Updated: December 3, 2024 at 11:43:25 PM PST

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Real Estate

Contact

SAMIRA SHUJA

3485B Kingston Road
Toronto, Ontario M1M 1R4
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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.
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 Information Technology of Southern Ontario MLS.
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