Russell, ON K4R1B8 191 CASTOR STREET
$1,499,900
22 more
Presented By: AVENUE NORTH REALTY INC.
Home Details
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:7434)
Presented By: AVENUE NORTH REALTY INC.
Interior Features for 191 CASTOR STREET
Other Interior Features
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air, Heat Pump
General for 191 CASTOR STREET
Building Cooling TypeCentral air conditioning
Building.StoriesTotal2
Foundation TypePoured Concrete
NeighbourhoodRussell
Ownership TypeFreehold
Parking Space Total26
Property TypeMulti-family
Zoning Description471
Exterior for 191 CASTOR STREET
Exterior FinishBrick
SewerMunicipal sewage system
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty