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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
Building
Story 2
Foundation Concrete
Others
Security Features Unknown
Pets Allowed Unknown
Listed by AVENUE NORTH REALTY INC.