$1,150,000
108 Russell ST N Madoc, ON K0K 2K0
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$1,150,000
Est. payment /mo
3 BA
5,476 SqFt
Price Dropped by $44K
108 Russell ST N Madoc, ON K0K 2K0
UPDATED:
11/04/2024 05:55 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,476 sqft
Price per Sqft $210
MLS Listing ID X8252178
Annual Tax Amount $9,224
Tax Year 2024
Property Description
Attention INVESTORS! With the newly announced Canada Housing Plan gaining momentum, now is the perfect time to seize this incredible opportunity. This versatile 3-story building is brimming with potential. Utilize one floor for your large business ideal for a medical center, law office, accounting firm, or more while renting out the other floors for additional income. Currently designed with 21 office spaces, each floor is equipped with kitchen or kitchenette facilities and washrooms. But that's just the beginning! This unique property is zoned commercial and has received municipal approval for conversion to residential use, allowing for up to 9 residential units3 units per floor. Not interested in the rental market? No problem! You can register the building as a Condo Corporation and sell each residential unit separately. Plus, with an existing elevator, the property is wheelchair accessible, enhancing its appeal. Explore the opportunities presented by the Canadian government's housing initiatives and get your business plans rolling. This property offers a multitude of possibilities waiting to be unlocked!
Location
Province ON
County Hastings
Community Major Highway
Interior
Cooling Yes
Exterior
Community Features Major Highway
Utilities Available Yes
Others
Security Features No
Listed by ROYAL LEPAGE PROALLIANCE REALTY
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