DAVID OIKLE

BROKER

191 CASTOR STREET
Russell, Ontario K4R1B8

$1,499,900

ID# X9515522
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)

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General Inquiry
Courtesy of AVENUE NORTH REALTY INC.

Listed on: February 23, 2024

On market: 388 days
Schools

5 public & 4 Catholic schools serve this home. Of these, 9 have catchments. There is 1 private school nearby.

Parks & Rec

4 tennis courts, 3 rinks and 10 other facilities are found in major parks near this home.

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

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Address Price Bed Bath SqFt Area Sub Area Brokerage
72 RADISSON DRIVE Russell
72 RADISSON DRIVE
 $807,500 4 3 50.8 x 112.89 FT Russell RE/MAX ABSOLUTE REALTY INC.
209 - 83 ST MORITZ TRAIL E Russell
209 - 83 ST MORITZ TRAIL E
 $2,100 2 1 Russell CENTURY 21 ACTION POWER TEAM LTD.
203 PEACOCK DRIVE Russell
203 PEACOCK DRIVE
 $504,900 3 2 20 x 109 FT Russell PAUL RUSHFORTH REAL ESTATE INC.
1223 MONTBLANC CRESCENT Russell
1223 MONTBLANC CRESCENT
 $749,900 4 3 33 x 109 FT Russell RE/MAX AFFILIATES REALTY LTD.
887 NOTRE DAME STREET Russell
887 NOTRE DAME STREET
 $779,000 3 2 100 x 100 FT Russell KELLER WILLIAMS INTEGRITY REALTY
887 NOTRE DAME STREET Russell
887 NOTRE DAME STREET
 $779,000 - - Bldg=100 x 100 FT ; 0 Russell KELLER WILLIAMS INTEGRITY REALTY
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DAVID OIKLE

BROKER

384 Richmond Road

Ottawa, ON. K2A 0E8

Phone: 613.729.9090

CONTACT DAVE

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