108 Russell Street North, Madoc | Image 1

108 Russell Street North

Madoc

  • Commercial

$1,150,000
For Sale

Added 6 months ago

Sign in or Register • To view all data & photos, an account is required by the Toronto Real Estate Board.

  • Type: Office

  • Property Type: Commercial

  • Zoning: C2

  • Age: No Data

  • Taxes: 9224.91

  • MLS®#: X8252178

  • Days on Site: 199 Days

  • Added: Apr 19, 2024 (6 months ago)

  • Updated:

  • Last Checked: 8 hours ago

  • 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!

Property

  • Status: Sale

  • Property Type: Office

  • Property Type: Office

  • Area: Madoc

  • Availability Date: Flexible

  • Assessment Amount: $361,000

  • Assessment Year: 2024

Inside

  • Bathrooms: 3

  • Air Conditioning: Y

  • Washrooms: 3

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Elevator: Public

  • Freestanding: Y

  • Water Supply: Municipal

  • Amps: 400

Parking

  • Garage Type: None

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

  • Taxes Type: Annual

Land

  • Cross Street: Highway 62

  • Municipality District: Madoc

  • Parcel Number: 406210140

  • Lot Depth: 165.02 Feet

  • Lot Frontage: 103.78 Feet

  • Zoning: C2

Additional Media

  • Virtual Tour: https://www.londonhousephoto.ca/108-russel-street-madoc/?ub=true

Commercial Specific

  • Sprinklers: N

  • Total Area: 5476

  • Total Area Metric: Sq Ft

  • Office Size: 5476

  • Office Size Metric: Sq Ft

  • Area Influence: Major Highway

  • Lot Code: Lot

Map of 108 Russell Street North, Madoc
JK-6

Madoc Township Public School

Elementary: Public
6.13 km
4-8

Marmora Senior Public School

Elementary: Public
15.69 km
JK-8

Sacred Heart Catholic School

Elementary: Catholic
16.39 km
JK-8

St Carthagh Catholic School

Elementary: Catholic
12.91 km
JK-8

Tweed Elementary School

Elementary: Public
12.89 km
JK-8

Madoc Public School

Elementary: Public
0.43 km
9-12

Nicholson Catholic College

Secondary: Catholic
38.27 km
9-12

Centre Hastings Secondary School

Secondary: Public
0.57 km
9-12

Quinte Secondary School

Secondary: Public
37.33 km
9-12

Moira Secondary School

Secondary: Public
37.96 km
9-12

St Theresa Catholic Secondary School

Secondary: Catholic
35.88 km
9-12

Centennial Secondary School

Secondary: Public
39.21 km
Lot C-Bonjour Boulevard, Madoc | MLS: X6538359
For Sale
5 years ago
$990,000
  • 0 bath
  • 0 bed

Lot C-Bonjour Boulevard, Madoc, Ontario • K0K 2K0 • Madoc

Lot D-Bonjour Boulevard, Madoc | MLS: X6538360
For Sale
5 years ago
$1,156,000
  • 0 bath
  • 0 bed

Lot D-Bonjour Boulevard, Madoc, Ontario • K0K 2K0 • Madoc