191 CASTOR Street, Russell | Image 1

191 CASTOR Street

Russell, 601 - Village of Russell

  • Commercial

$1,499,900
For Sale

Added 9 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: 471

  • Age: No Data

  • Taxes: 11314

  • MLS®#: X9515522

  • Days on Site: 268 Days

  • Added: Feb 23, 2024 (9 months ago)

  • Updated:

  • Last Checked: 1 day ago

  • Listed By: AVENUE NORTH REALTY INC.

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.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 88717

  • Area: Russell

  • Community: 601 - Village of Russell

  • Availability Date: TBD

Inside

  • Air Conditioning: Central Air

Building

  • Heat Type: Heat Pump

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 26

Fees

  • Tax Year: 2023

  • Tax Legal Description: PART OF LOT 11 CONCESSION 3 RUSSELL AND LOT 109 PLAN N.J. SLATER

  • Taxes: $11,314

  • Insurance Fee: 4050

  • Operating Fees: 33401

  • Water Fees: 5251

Land

  • Cross Street: 417 East to Boundary

  • Municipality District: Russell

  • Parcel Number: 690730501

  • Sewer: Sewers

  • Lot Depth: 100 Feet

  • Lot Frontage: 125 Feet

  • Zoning: 471

Commercial Specific

  • Gross Income/Sales: 122118

Map of 191 CASTOR Street, Russell
7-8

Russell Intermediate School

Elementary: Public
0.46 km
6-8

St. Thomas Aquinas Catholic School

Elementary: Catholic
0.79 km
JK-8

École élémentaire publique De la Rivière Castor

Elementary: Public
5.82 km
JK-6

École élémentaire catholique Saint-Joseph (Russell)

Elementary: Catholic
0.98 km
JK-6

Russell Public Public School

Elementary: Public
0.40 km
JK-6

Mother Teresa Catholic

Elementary: Catholic
0.70 km
9-12

St Francis Xavier Catholic High School

Secondary: Catholic
21.39 km
9-12

Russell High School

Secondary: Public
1.11 km
9-12

North Dundas District High School

Secondary: Public
19.28 km
9-12

St. Thomas Aquinas Catholic High School

Secondary: Catholic
0.79 km
9-12

École secondaire catholique Embrun

Secondary: Catholic
6.69 km
9-12

Osgoode Township High School

Secondary: Public
9.32 km