191 Castor Street, Russell
- Type: Townhouse
- Added: 274 days ago
- Updated: 191 days ago
- Last Checked: 20 hours ago
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:1945)
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Nearby Listings Stat
Active listings
43
Min Price
$414,900
Max Price
$1,499,900
Avg Price
$791,074
Days on Market
73 days
Sold listings
7
Min Sold Price
$175,000
Max Sold Price
$949,900
Avg Sold Price
$569,671
Days until Sold
77 days
Nearby Places
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