191 Castor Street, Russell in Russell, ON
This is a Multi-family Listing.
191 Castor Street, Russell in 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. (id:6289)
$1,499,900
191 Castor Street, Russell, Ontario
Essential Information
- MLS® #1378535
- Price$1,499,900
- Bathrooms0.00
- Acres0.29
- Year Built1995
- TypeMulti-family
- Sub-TypeFreehold
- Days on Website68
Amenities
- Parking Spaces26
Exterior
- ExteriorBrick
- FoundationPoured Concrete
Community Information
- Address191 Castor Street
- SubdivisionRussell
- CityRussell
- Postal CodeK4R1B8
Interior
- HeatingNatural gas Forced air, Heat Pump
- CoolingCentral air conditioning
- # of Stories2
Listing Details
- Listing OfficeAVENUE NORTH REALTY INC.