108 Russell Street North, Madoc | Image 1

108 Russell Street North

Madoc

  • Commercial

$1,499,900
For Sale

Added 1 week ago

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  • Type: Office

  • Property Type: Commercial

  • Zoning: C2

  • Age: No Data

  • Taxes: 8821.02

  • MLS®#: X8252178

  • Added: Apr 19, 2024 (1 week ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE PROALLIANCE REALTY

Calling all INVESTORS, and just in time as the newly announced Canada Housing Plan starts to kick off! This 3 Storey building has loads of investment potential, use it as office space for your large business on one floor and rent the other floors or keep it all for yourself! (Medical Centre, Law Offices, Accounting Firms etc..,) Currently laid out with 21 office spaces in total, each floor offers a kitchen/kitchenette and washrooms. But that's not all, this unique property can also be converted to residential use!! Currently zoned commercial; but the property has also been approved by the Municipality to be rezoned to develop up to a maximum of 9 residential units, 3 units per each floor! Not interested in the rental property industry..? No problem, register the building as a Condo Corporation and sell each residential unit separately, With an elevator already existing, it makes this property wheelchair accessible. Be sure to check in with google, to read about all the opportunities with our Canadian Governments Housing Plans! Get your business plans and ideas rolling, multitudes of opportunities with this property!

Property

  • Status: Sale

  • Property Type: Office

  • Property Type: Office

  • Area: Madoc

  • Availability Date: Flexible

  • Assessment Amount: $361,000

  • Assessment Year: 2023

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: 2023

  • Tax Legal Description: LT 5 W/S RUSSELL ST PL 105; PT LT 6 W/S RUSSELL ST PL 105 PT 1 2

  • Taxes: $8,821

  • 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

  • Total Area: 5476

  • Total Area Metric: Sq Ft

  • Office Size: 5476

  • Office Size Metric: Sq Ft

  • Area Influence: Major Highway

  • Lot Code: Lot

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
For Sale
5 years ago
$1,156,000
  • 0 bath
  • 0 bed

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