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191 Castor St

Castor St, Russell, ON, K4R 1C7

-
Beds
-
Baths
4800
Sq. Ft.
$1,499,900
List Price
Details
Photos
27
Comparables
History
191 Castor St, Russell, ON - 1 of 3
191 Castor St, Russell, ON - 2 of 3
191 Castor St, Russell, ON - 3 of 3
273 days on market

Quick Summary

  • 4800 sqft all brick building with basement area
  • Hosts 4 leased commercial units and 3 apartments
  • Laundry facilities and storage lockers
  • 26 parking spots and 5.9% cap rate
  • $122,118 Gross Operating Income, $88,716 Net
  • Commercial AC Units replaced in 2022
  • Prime location with high rental demand

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... Show More

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:54626)

Property Details

Parking

26 Parking Spaces
-

Lot

Size
1500′0″ * 1200′0″
Acres
-

Build

Year Built
1995
Model Name
-
Basement
-
Exterior
Brick
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air, Heat Pump
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
1378535
Last Updated
April 24, 2024
Brokerage
AVENUE NORTH REALTY INC.
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