Part of residential concept drawings More Photos

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    For Sale - 108 Russel Street, Centre Hastings, Ontario

    Est payment $4,801/mo
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    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.
    Listing IDX13603160
    Address108 Russel Street
    CityCentre Hastings, Ontario
    Price$999,900
    Bath4 Full
    Style3-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherAmenities Arts Centre, Library, Park, Place Of Worship, River/Stream, SchoolOwnership FreeholdBasement Crawl Space, UnfinishedFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 9.00
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    Listing Agency:  Royal Lepage Proalliance Realty

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
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    Place of Worship
    Please select an amenity above to view a list.

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    108 Russel Street
    Centre Hastings , Ontario
    4 $999,900
    Get more info