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Royal LePage
Royal LePage
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$999,900

108 RUSSEL STREET, Centre Hastings, Ontario, K0K 2K0

MLS® # X13603160

Centre Hastings ON, K0K 2K0

MLS® # X13603160

Property Information:

A rare opportunity to reposition a substantial three-storey building for its next chapter in the heart of Madoc. With the property now zoned for high-density residential use and municipal approval allowing up to nine residential units, this versatile building offers exciting potential for investors, developers and those looking to create a long-term income-producing property.The building provides more than 5,000 sq. ft. of space across three levels, with an existing layout that includes 21 office spaces, kitchens or kitchenettes, washrooms on each floor and elevator access. Concept drawings have been prepared to illustrate how the building could potentially be converted into three residential units per floor, helping buyers visualize the possibilities offered by the updated zoning.Whether developed as a nine-unit rental property, converted in phases or explored for future condominium-style ownership, the existing footprint, municipal water and sewer services, forced-air gas heating, central air conditioning, on-site parking and elevator provide a strong foundation for redevelopment.Located close to downtown amenities, shops and services, this is an opportunity to transform an established building into much-needed residential housing while creating lasting value in a growing community. Concept plans are provided for illustration purposes only. Buyers are encouraged to complete their own due diligence regarding building permits, approvals, code requirements and the proposed conversion. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Unfinished
  • Basement Type: Crawl space
  • Exterior Finish: Brick
  • Floor Space: 5000 - 100000 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 4
  • Half Bathrooms: 4
  • Amenities Nearby: Park, Schools
  • Features: Irregular lot size
  • Floor Space (approx): 5000 - 100000 Square Feet
  • Irregular: Yes
  • Lot Depth: 165 Feet
  • Lot Frontage: 103.8 Feet
  • Lot Size: 103.8 x 165 FT
  • Surface Water:
  • Utility Type: , Wireless - Available, Telephone - Nearby, Hydro - Installed, , Sewer - Installed, Cable - Available
  • Zoning: R4-6-H
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 9

Rooms:

  • Bathroom 2nd Level Measurements not available
  • Bathroom 3rd Level Measurements not available
  • Office Main Level 3.72 m x 5.36 m
  • Foyer Main Level 2.99 m x 2.29 m
  • Office Main Level 3.66 m x 2.87 m
  • Office Main Level 3.66 m x 2.99 m
  • Kitchen Main Level 7.96 m x 3.00 m
  • Office Main Level 3.38 m x 2.87 m
  • Office Main Level 5.79 m x 3.41 m
  • Bathroom Main Level Measurements not available
  • Bathroom Main Level Measurements not available

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⚠ Potential Investment Performance

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Location of 108 RUSSEL STREET, Centre Hastings, Ontario, K0K 2K0

Demographic Information of 108 RUSSEL STREET, Centre Hastings, Ontario, K0K 2K0

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$85,113.54

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.8 %

High school certificate or equivalent

31.36 %

Apprenticeship trade certificate/diploma

10.1 %

College/non-university certificate

24.92 %

University Degree

9.82 %

Commuter

Travel To Work

By Car

94.7 %

By Public Transit

0.0 %

By Walking

3.53 %

By Bicycle

0.0 %

By Other Methods

1.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

27.91 %

Houses

72.09 %

Own Vs. Rent

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