29 MARCEL STREET
Russell, Ontario K0A1W0

$899,900

ID# X11922144
Fantastic Investment Opportunity in Embrun! This recently built duplex offers excellent income potential and long-term security, with both units rented on five-year leases until April 1st, 2029. Conveniently located in a desirable neighborhood, this property is well-maintained and fully tenanted, making it a hassle-free addition to any portfolio. The upper unit features a bright, open-concept kitchen and dining area with a patio door leading to a large deck. The spacious living room is filled with natural light from its large windows. This unit includes three bedrooms, two and a half bathrooms, and an oversized laundry room on the 2nd floor. The lower unit has its own private side entrance with large foyer and offers two bedrooms plus a den, a full bathroom with seperate laundry, and an open-concept kitchen, dining, and living area. Despite being a lower unit, it feels bright and welcoming thanks to large windows that bring in plenty of natural light. The property includes separate utilities for each unit, with two furnaces, two HRVs, two rented hot water tanks, and individual gas and hydro meters. Tenants are responsible for their own heating and hydro, while the landlord covers water expenses up to $100 per month. The upper unit, located at 29 Marcel, is currently rented for $2,850 per month, while the lower unit, 29A Marcel, rents for $2,200 per month. Both units are in excellent condition and are well cared for by reliable tenants, providing peace of mind for the next owner. With secure leases in place, modern finishes throughout, and a prime location in a growing community, this duplex is a smart investment with strong cash flow potential. Dont miss out on this incredible opportunity! (id:25961)

INTERESTED IN THIS PROPERTY?

General Inquiry
Courtesy of LOCKE REAL ESTATE INC.

Listed on: January 14, 2025

On market: 61 days
Bathroom Total 4
Bedrooms Total 5
Half Bathrooms Total 1
Cooling Type Central air conditioning, Air exchanger
Heating Type Forced air
Heating Fuel Natural gas
Stories Total 2

SIMILAR LISTINGS

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.
Search

DAVID OIKLE

BROKER

384 Richmond Road

Ottawa, ON. K2A 0E8

Phone: 613.729.9090

The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner. 

powered by webkits