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: 386 days
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
972 COLOGNE STREET Russell
972 COLOGNE STREET
 $599,900 4 3 18 x 108 FT ; 0 Russell EXIT REALTY MATRIX
365 VOYAGEUR PLACE Russell
365 VOYAGEUR PLACE
 $589,900 3 3 27 x 120 FT ; 1 Russell RE/MAX AFFILIATES REALTY LTD.
1552 STE MARIE ROAD Russell
1552 STE MARIE ROAD
 $635,000 2 2 460.95 x 123.98 FT ; 1|1/2 - 1.99 acres Russell RE/MAX ABSOLUTE REALTY INC.
170 BAY STREET Russell
170 BAY STREET
 $1,950,000 - - 217.28 x 192.18 FT ; 0 Russell ROYAL LEPAGE PERFORMANCE REALTY
74 CRAIG STREET Russell
74 CRAIG STREET
 $799,900 3 2 140.78 x 192.29 FT ; 1|1/2 - 1.99 acres Russell EXIT REALTY MATRIX
191 CASTOR STREET Russell
191 CASTOR STREET
 $1,499,900 - - 125 x 100 FT ; 0 Russell AVENUE NORTH REALTY INC.
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DAVID OIKLE

BROKER

384 Richmond Road

Ottawa, ON. K2A 0E8

Phone: 613.729.9090

CONTACT DAVE

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