191 CASTOR Street, Russell, Ontario K4R1B8

Listing courtesy of AVENUE NORTH REALTY INC..

$1,499,900
List Price
$1,499,900
MLS®
1378535
Days on Market
59
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Lot Size Dimensions
125 ft X 100 ft
Subdivision
Russell

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. (id:5764)

Additional Information

Ownership
Freehold
Subdivision
Russell
Parking Spaces
26
Cooling
Central air conditioning
Country
Canada
Sewer
Municipal sewage system
Heating
Heat Pump, Forced air, Natural gas
Total Number Of Units
7
Stories
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks