$1,499,900
Available - For Sale
Listing ID: X9515522
191 CASTOR St , Russell, K4R 1B8, Ontario
| 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. |
| Price | $1,499,900 |
| Taxes: | $11314.00 |
| Occupancy by: | Tenant |
| Address: | 191 CASTOR St , Russell, K4R 1B8, Ontario |
| Postal Code: | K4R 1B8 |
| Province/State: | Ontario |
| Legal Description: | PART OF LOT 11 CONCESSION 3 RUSSELL AND |
| Lot Size: | 125.00 x 100.00 (Feet) |
| Directions/Cross Streets: | 417 East to Boundary Rd Exit. Head South on Boundary Rd. Follow to Craig St/County Rd 3 and follo |
| Category: | Apartment |
| Insurance Expense: | $4050 |
| Water Expense: | $5251 |
| Gross Income/Sales: | $122118 |
| Operating Expenses: | $33401 |
| Net Income Before Debt: | $88717 |
| Heat Type: | Heat Pump |
| Central Air Conditioning: | Central Air |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| AVENUE NORTH REALTY INC. |
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Sherin M Justin, CPA CGA
Sales Representative
Dir:
647-231-8657
Bus:
905-239-9222
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Prescott and Russell |
| Municipality: | Russell |
| Neighbourhood: | 601 - Village of Russell |
| Lot Size: | 125.00 x 100.00(Feet) |
| Tax: | $11,314 |
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