108 Russel Street,Centre Hastings, ON K0K2K0
Centre Hastings, ON K0K2K0
Description
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. (id:13843)
Details
| MLS # | X13603160 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 93 |
| Listing Provided By | Royal LePage ProAlliance Realty | Diana Cassidy-Bush |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 5,000 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | R4-6-H |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Irregular lot size |
|---|---|
| Foundation Details | Block |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 9 |
Utilities
| Utilities | Sewer, Electricity, Cable, Telephone, Wireless, Natural Gas Available, Electricity Connected |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6050.61 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Centre Hastings |
| Postal Code | K0K2K0 |
| Listing VS Median (in K0K2K0) | |
Price: $999,900 low | high Med: $574,900 sqft: 5,000 low | high Med: 1,100 $ / sqft: $200 low | high Med: $523 On site: 93 low | high Med: 47 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Centre Hastings |
| Postal Code | K0K2K0 |
| Listing VS Median (in K0K2K0) | |
Price: $999,900 low | high Med: $574,900 sqft: 5,000 low | high Med: 1,100 $ / sqft: $200 low | high Med: $523 On site: 93 low | high Med: 47 | |