613.296.0473

191 CASTOR STREET
Russell, Ontario K4R1B8

$1,499,900

ID# 1378535

Central air conditioning Forced air 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: 272 days

Year Built	1995
Cooling Type	Central air conditioning
Heating Type	Forced air, Heat Pump
Heating Fuel	Natural gas
Stories Total	2

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191 CASTOR STREET Russell, Ontario K4R1B8

Central air conditioning Forced air Heat Pump

YOU MIGHT ALSO LIKE THESE LISTINGS

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525 PINERY ROAD Smiths Falls $939,000 Beds: 5 Baths:3 Sq Ft:ArrayMonica Haddow

224 CROCUS AVENUE Ottawa $1,686,000 Beds: 3 Baths:4 Sq Ft:ArrayPaul Rushforth

383 CUMBERLAND STREET UNIT204 Ottawa $329,000 Beds: 1 Baths:1 Sq Ft:ArrayDan Li

456 RIVERDALE AVENUE Ottawa $4,300 Beds: 5 Baths:1 Sq Ft:ArraySaadiq Hussain

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1005 LAURIER STREET UNIT201 Rockland $295,000 Beds: 2 Baths:1 Sq Ft:ArrayAmy Collins

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2427 BASELINE ROAD Ottawa $700,000 Beds: 3 Baths:1 Sq Ft:ArrayChad Featherstone

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