191 CASTOR STREET Active

Russell,ON K4R1B8

$ 1499900

- Bed

- Bath

0 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision 601 - Village Of Russell

MLS Listing ID X9515522

Originating Board Ottawa Real Estate Board

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:24570)

Location

Province ON

Interior

Heating Heat Pump

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 26

Private Pool No

Building

Sewer Sanitary sewer

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