191 Castor Street Russell, Ontario K4R 1B8
$1,499,900
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. (id:28469)
Property Details
| MLS® Number | X9515522 |
| Property Type | Multi-family |
| Neigbourhood | Russell |
| Community Name | 601 - Village of Russell |
| Parking Space Total | 26 |
Building
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Heat Pump |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 125 Ft |
| Size Irregular | Unit=125 X 100 Ft ; 0 |
| Size Total Text | Unit=125 X 100 Ft ; 0 |
| Zoning Description | 471 |
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December 19 2024 01:40:03
Ottawa Real Estate Board
Avenue North Realty Inc.