$1,499,900
FOR SALE

Investment

Lot: 125 x 100 ft
2023 Taxes: $11,314

191 CASTOR St
Russell, ON K4R 1B8 | 601 - Village of Russell | Prescott and Russell

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.
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Listed By AVENUE NORTH REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9515522
Last Updated Dec 19, 2024
Property Summary
Property Type Investment

More like this:
Category Apartment
PIN 690730501
Legal Description PART OF LOT 11 CONCESSION 3 RUSSELL AND LOT 109 PLAN N.J. SLATER 1913 RUSSELL BEING PART 2 ON PLAN 50R9575 RUSSELL
Occupancy Tenant
Possession Date TBD
Taxes (2023) $11,314
Directions/Cross Streets 417 East to Boundary Rd Exit. Head South on Boundary Rd. Follow to Craig St/County Rd 3 and follow into town of Russell. Turn right onto Concession St. First Stop sign turn left. Subject building is on left.
Neighbourhood 601 - Village of Russell
Area Prescott and Russell
Price History

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Detailed Information
Lot 125 x 100 ft
Air Conditioning Central Air
Parking Spaces 26
Heat Type Heat Pump
Gross Income/Sales $122,118
Net Income Before Debt $88,717
Water Expense $5,251
Insurance Expense $4,050
Operating Expenses $33,401
Sewers Sewers
Water Municipal
Zoning 471
Seller Property Info Statement N

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