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Active
191 CASTOR ST Russell, ON K4R 1B8
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1378535
Year Built 1995
Annual Tax Amount $11,314
Tax Year 2023
Property Sub-Type Apartment 5+ Units
Property Description
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.
Location
Province ON
Rooms
Basement Full
Interior
Heating Natural Gas
Exterior
Roof Type Tar & Gravel
Building
Story 2
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Brick
Listed by AVENUE NORTH REALTY INC.