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$1,499,900

191 Castor Street Russell, Ontario K4R 1B8

191 Castor Street, Russell, Ontario  K4R 1B8 - Photo 1 - X9515522
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191 Castor Street Russell, Ontario K4R 1B8

Central Air Conditioning Heat Pump

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:42482)

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about 191 Castor Street, Russell, Ontario K4R 1B8

    Property Details

    Property Details for 191 Castor Street, Russell, Ontario K4R 1B8

    MLS® Number X9515522
    Property Type Multi-family
    Neighbourhood Russell
    Community Name 601 - Village of Russell
    ParkingSpaceTotal 26

    Building

    Building details for 191 CASTOR STREET, Russell, Ontario K4R 1B8
    CoolingType Central Air Conditioning
    ExteriorFinish Brick
    FoundationType Concrete
    HeatingFuel Natural Gas
    HeatingType Heat Pump
    Type Multi-family
    UtilityWater Municipal Water

    Land

    Acreage No
    Sewer Sanitary Sewer
    SizeDepth 100 Ft
    SizeFrontage 125 Ft
    SizeIrregular Unit=125 X 100 Ft ; 0
    SizeTotalText Unit=125 X 100 Ft ; 0
    ZoningDescription 471

    AVENUE NORTH REALTY INC.
    482 Preston Street
    Ottawa, Ontario K1S 4N8

    (613) 231-3000

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    191 Castor Street, Russell, Ontario K4R 1B8

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