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$1,499,900
Available - For Sale
Listing ID: X9515522
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.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $74,995 $149,990 $224,985 $299,980
First Mortgage $1,424,905 $1,349,910 $1,274,915 $1,199,920
CMHC/GE $39,184.89 $26,998.2 $22,311.01 $0
Total Financing $1,464,089.89 $1,376,908.2 $1,297,226.01 $1,199,920
Monthly P&I $6,270.58 $5,897.19 $5,555.92 $5,139.16
Expenses $0 $0 $0 $0
Total Payment $6,270.58 $5,897.19 $5,555.92 $5,139.16
Income Required $235,146.88 $221,144.67 $208,346.94 $192,718.66

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AVENUE NORTH REALTY INC.

191 CASTOR St , Russell, K4R 1B8, Ontario

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Com - Investment
Area: Prescott and Russell
Municipality: Russell
Neighbourhood: 601 - Village of Russell
Style:
Lot Size: 125.00 x 100.00(Feet)
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Tax: $11,314
Maintenance Fee: $0
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