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191 CASTOR STREET
Russell Ontario K4R1B8 Canada

$1,499,900

Active Listing ID 1378535
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Multi-family

$1,499,900

Active Listing ID 1378535
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191 CASTOR STREET 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: Central air conditioning
  • Exterior Finish: Brick
  • Heating Systems: Heat Pump, Forced air, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 5/15/2024 3:30:15 PM GMT
Source Updated Date: 5/17/2024 3:40:01 AM GMT

Courtesy of: JoeyVan Benthem, Salesperson, AVENUE NORTH REALTY INC.

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