191 CASTOR STREET
Russell, Ontario K4R1B8

$1,499,900

ID# X9515522

Central air conditioning Heat Pump

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. (id:25961)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of AVENUE NORTH REALTY INC.

Listed on: February 23, 2024

On market: 285 days

Cooling Type	Central air conditioning
Heating Type	Heat Pump
Heating Fuel	Natural gas

191 CASTOR STREET
Russell, Ontario K4R1B8

Central air conditioning Heat Pump

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