Added 6 months ago
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Type: Multiplex
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Style: 3-Storey
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Lot Size: 103.78 x 165.02 Feet
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Age: No Data
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Taxes: $9,225 per year
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Days on Site: 199 Days
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Added: Apr 19, 2024 (6 months ago)
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Updated:
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Last Checked: 8 hours ago
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MLS®#: X8258610
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Listed By: Royal lepage proalliance realty
Attention INVESTORS! With the newly announced Canada Housing Plan gaining momentum, now is the perfect time to seize this incredible opportunity. This versatile 3-story building is brimming with potential. Utilize one floor for your large business ideal for a medical center, law office, accounting firm, or more while renting out the other floors for additional income. Currently designed with 21 office spaces, each floor is equipped with kitchen or kitchenette facilities and washrooms. But that's just the beginning! This unique property is zoned commercial and has received municipal approval for conversion to residential use, allowing for up to 9 residential units3 units per floor. Not interested in the rental market? No problem! You can register the building as a Condo Corporation and sell each residential unit separately. Plus, with an existing elevator, the property is wheelchair accessible, enhancing its appeal. Explore the opportunities presented by the Canadian government's housing initiatives and get your business plans rolling. This property offers a multitude of possibilities waiting to be unlocked!
Upcoming Open Houses
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Property
Status: Sale
Property Type: Multiplex
Style: 3-Storey
Area: Centre Hastings
Availability Date: Flexible
Assessment Amount: $361,000
Assessment Year: 2024
Inside
Bathrooms: 4
Kitchens: 3
Rooms: 41
Den/Family Room: No
Air Conditioning: Central Air
Fireplace: No
Washrooms: 4
Utilities
Electricity: Yes
Gas: Yes
Cable: Available
Telephone: Available
Building
Basement: Crawl Space
Heat Type: Forced Air
Heat Source: Gas
Exterior: Brick
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Private
Garage Type: None
Covered Parking Spaces: 9
Total Parking Spaces: 9
Fees
Tax Year: 2024
Tax Legal Description: LT 5 W/S RUSSELL ST PL 105; PT LT 6 W/S RUSSELL ST PL 105 PT 1 2
Taxes: $9,225
Land
Cross Street: Highway 62
Municipality District: Centre Hastings
Fronting On: West
Parcel Number: 406210140
Pool: None
Sewer: Sewers
Lot Depth: 165.02 Feet
Lot Frontage: 103.78 Feet
Acres: < .50
Zoning: C2
Additional Media
- Virtual Tour: https://www.londonhousephoto.ca/108-russel-street-madoc/?ub=true
Rooms
Room details for 108 Russell Street North, Centre Hastings
| Type | Dimensions | Description |
|---|---|---|
| Office Main | 5.36 x 3.72 | |
| Foyer Main | 2.29 x 2.99 | |
| Office Main | 2.87 x 3.66 | |
| Office Main | 2.99 x 3.66 | |
| Kitchen Main | 3.00 x 7.96 | |
| Office Main | 2.87 x 3.38 | |
| Office Main | 3.41 x 5.79 | |
| Bathroom Main | 2.32 x 2.62 | |
| Bathroom Main | 1.52 x 1.04 |
Somewhat Walkable
- Some errands can be accomplished on foot.
Somewhat Bikeable
- Most errands require a car.
Madoc Township Public School
Elementary: PublicMarmora Senior Public School
Elementary: PublicSacred Heart Catholic School
Elementary: CatholicSt Carthagh Catholic School
Elementary: CatholicTweed Elementary School
Elementary: PublicMadoc Public School
Elementary: PublicNicholson Catholic College
Secondary: CatholicCentre Hastings Secondary School
Secondary: PublicQuinte Secondary School
Secondary: PublicMoira Secondary School
Secondary: PublicSt Theresa Catholic Secondary School
Secondary: CatholicCentennial Secondary School
Secondary: Public-
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