987 North Russell Road, Russell, Ontario K4R1C7

Listing courtesy of EXP REALTY.

$11,995,900
List Price
$11,995,900
MLS®
1296025
Days on Market
177
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Russell

Property Description

ATTENTION INVESTORS! Newly constructed 44-Unit building. Incredible income producing property in the growing town of Russell. This building is currently under construction and will be 100% complete on closing! Built by a QUALITY BUILDER with a successful portfolio, this 3-storey, 44-unit building will produce immediate cash flow. Conveniently located in the growing town of Russell just 40 minutes from downtown Ottawa. Features include efficient electric baseboard heating systems and ERV's (energy recovery) in each unit, 1 hydro meter, an ELEVATOR, 59 parking spots with some handicapped accessible, income generating laundry facilities with coinamatic card operated machines, and 40-year fiberglass shingles. Located in the growing bedroom community of Russell, On, 40 minutes from downtown Ottawa and within the Nation's Capital region. Minutes to the similar community of Embrun and Ottawa's other east end neighbourhoods. All numbers are estimated from previous developments, pls inquire. (id:2579)

Additional Information

Ownership
Freehold
Heating Fuel
Electric
Subdivision
Russell
Parking Spaces
59
Levels
3
Country
Canada
Sewer
Municipal sewage system
Frontage Length
224 ft ,9 in
Heating
Baseboard heaters
Total Number Of Units
44
Stories
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks