- For Sale
- 1 years ago
- 60 views
191 Castor Street, Russell, ON, K4R 1B8
$1,499,900
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 boil
er 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:25314)
Facts and Features
Type
Multi-family
year built
1995
lot size
125 ft X 100 ft
Bedrooms
No Data
bathrooms
No Data
Garage
26
Status
Active
Property Overview
- Property ID
- 23712
- Category
- Residential
- Unit Number
- No Data
- View
- No Data
- Lot Size Dimensions
- 125 ft X 100 ft
- Lot Features
- No Data
- Common Interest
- Freehold
Building and Architecture
- Building Type
- No Data
- Architecture Style
- No Data
- Stories
- 2
- Roof
- No Data
- Foundation Details
- Poured Concrete
- Exterior Features
- Brick
- Construction Materials
- No Data
Interior Features
- Living Area
- No Data
- Above Ground Finished Area
- No Data
- Below Ground Finished Area
- No Data
- Basement
- No Data
- Flooring
- No Data
- Fireplace
- No
- Fireplaces Total
- No Data
- Fireplace Features
- No Data
Parking
- Parking Type
- No Data
- Parking Spaces
- 26
- Additional Parking Type
- No Data
- Additional Parking Spaces
- No Data
- Parking Fee
- No Data
- Parking Fee Frequency
- No Data
Property Features
- Heating
- Heat Pump, Forced air, Natural gas
- Cooling
- Central air conditioning
- Electric
- No Data
- Sewer
- Municipal sewage system
- Water Source
- Municipal water
- Utilities
- No Data
- Community
- No Data
- Security
- No Data
Other Information
- Association Name
- N/A -
- Association Fee
- No Data
- Association Fee Frequency
- No Data
- Association Fee Includes
- No Data
- Tax Annual Amount
- $11,314.00
- Existing Lease Type
- No Data
- Zoning
- No Data
- Zoning Description
- 471
