DIRECT 613.863.5857

OFFICE 613-270-8200

191 CASTOR STREET
Russell, Ontario K4R1B8

$1,499,900

ID# 1378535

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:25961)

LEARN MORE ABOUT THIS PROPERTY

Courtesy of AVENUE NORTH REALTY INC.

Listed on: February 23, 2024

On market: 276 days

Year Built	1995
Cooling Type	Central air conditioning
Heating Type	Forced air, Heat Pump
Heating Fuel	Natural gas
Stories Total	2

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Get In Touch

CHRIS DOLAN

Sales Representative

Royal LePage Team Realty

555 Legget Drive Suite 101

Kanata, Ontario

K2K 2X3

direct: 613-863-5857

chrisdolan@royallepage.ca

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191 CASTOR STREET Russell, Ontario K4R1B8

Central air conditioning Forced air Heat Pump

YOU MIGHT ALSO LIKE THESE LISTINGS

357 HILLSBORO PRIVATE Ottawa $569,000 Beds: 3 Baths:3 Sq Ft:ArrayChristopher Dolan | Sales Representative

111 CHAMPAGNE AVENUE S UNIT1003 Ottawa $359,900 Beds: 1 Baths:1 Sq Ft:ArrayDimitrios Kalogeropoulos

1535 BEACONFIELD STREET Orleans $625,000 Beds: 5 Baths:2 Sq Ft:ArrayFrancois Tessier

1699 BAY ROAD L'Orignal $644,900 Beds: 4 Baths:2 Sq Ft:ArrayMeghan Courtemanche

2625-501 REGINA STREET Ottawa $369,900 Beds: 3 Baths:2 Sq Ft:ArrayPeter Bare

49 DELONG DRIVE Ottawa $899,000 Beds: 2 Baths:3 Sq Ft:ArrayShelley Callaghan

50 BELMONTE LANE Elgin $1,349,900 Beds: 3 Baths:4 Sq Ft:ArrayJames Angus

100 BURBOT STREET Ottawa $825,000 Beds: 3 Baths:3 Sq Ft:ArrayScott Arial | Broker

214 HANNAH STREET UNIT2 Ottawa $2,300 Beds: 3 Baths:1 Sq Ft:ArrayMilkan Berhe

14 SCHOOLHOUSE PRIVATE Ottawa $760,000 Beds: 2 Baths:2 Sq Ft:ArrayMaz Karimjee

384 CECILE BOULEVARD UNIT405 Hawkesbury $289,900 Beds: 2 Baths:1 Sq Ft:ArrayIannick Champagne

128 LILY POND STREET Ottawa $749,900 Beds: 3 Baths:4 Sq Ft:ArrayShauna Brownlee Starr

4207 LIMESTONE ROAD Ottawa $499,000 Beds: 2 Baths:2 Sq Ft:ArrayPaul Lavictoire

834 CAMPOBELLO DRIVE Ottawa $540,000 Beds: 3 Baths:2 Sq Ft:ArrayAdam Mills

596 COMPASS STREET Ottawa $449,900 Beds: 2 Baths:3 Sq Ft:ArrayIngrid Wells

383 CUMBERLAND STREET UNITPH910 Ottawa $729,000 Beds: 2 Baths:2 Sq Ft:ArrayGeoff Walker

2162 FILLMORE CRESCENT Ottawa $749,000 Beds: 4 Baths:2 Sq Ft:ArrayJen Donnelly

1556 PAYETTE DRIVE Orleans $699,900 Beds: 3 Baths:3 Sq Ft:ArrayCaroline Risi

71 NORMAN STREET Ottawa $699,000 Beds: 6 Baths:3 Sq Ft:ArrayIan Campbell

147 QUEEN STREET Smiths Falls $399,900 Beds: 3 Baths:2 Sq Ft:ArrayDeb Driscoll

277 BELVEDERE ROAD Clarence-Rockland $549,999 Beds: 5 Baths:3 Sq Ft:ArrayAnthony Donnelly

16 BURLINGTON CRESCENT Ottawa $780,000 Beds: 4 Baths:4 Sq Ft:ArrayArian Marius

1002 OFFLEY ROAD Ottawa $1,029,000 Beds: 5 Baths:3 Sq Ft:ArrayHaley Robinson

702 FAIRLINE ROW Ottawa $669,900 Beds: 4 Baths:3 Sq Ft:ArrayAnthony Cava | Broker

530 DE MAZENOD AVENUE UNIT107 Ottawa $625,000 Beds: 1 Baths:1 Sq Ft:ArrayEric Braff