Listing ID: 1378535  
$1,499,900

191 CASTOR STREET

AVENUE NORTH REALTY INC.

  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
  • 191 CASTOR STREET
191 CASTOR STREET, Russell, Ontario, K4R1B8
Property TypeMulti-family Built in1995

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:16400)


Details
Management CompanyN/A - OwnershipFreehold
Parking Spaces26 TransactionFor sale
Zoning Description471
Building
Constructed Date1995 CoolingCentral air conditioning
Exterior FinishBrick FoundationPoured Concrete
Heating FuelNatural gas HeatingForced air, Heat Pump
Storeys Total2 Utility WaterMunicipal water
Land
Size Frontage125 ft SewerMunicipal sewage system
Size Depth100 ft Size Irregular125 ft X 100 ft

Listing Office: AVENUE NORTH REALTY INC.

Data Provided by Ottawa Real Estate Board

Last Modified :24/04/2024 12:53:53 PM

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