191 CASTOR STREET

Russell, Ontario, K4R1B8, Canada

$1,499,900

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.

Last updated on : Thursday 19th of December 2024 08:40:03 AM

ADDRESS

Street : 191 CASTOR STREET

City : Russell

Province : Ontario

Country : Canada

Postal Code : K4R1B8

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PROPERTY SUMMARY

Property ID : X9515522

Building Type : Multi-Family

Property Type : Multi-family

Parking : 26

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