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191 Castor Street Russell, Ontario K4R 1B8

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:55016)

Property Details

MLS® Number 1378535
Property Type Multi-family
Neigbourhood Russell
Parking Space Total 26


Constructed Date 1995
Cooling Type Central Air Conditioning
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air, Heat Pump
Stories Total 2
Utility Water Municipal Water


Acreage No
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 125 Ft
Size Irregular 125 Ft X 100 Ft
Size Total Text 125 Ft X 100 Ft
Zoning Description 471


Joey Van Benthem

(613) 807-2550
482 Preston Street
Ottawa, Ontario K1S 4N8

(613) 231-3000