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$ 1,150,000
Est. payment /mo
Active
108 Russell ST N Madoc, ON K0K 2K0
3 Baths
5,476 SqFt
UPDATED:
12/06/2024 08:51 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 X11202648
Annual Tax Amount $9,224
Tax Year 2024
Lot Depth 165.02
Property Description
Calling all INVESTORS, and just in time as the newly announced Canada Housing Plan starts to kick off! This 3 Storey building has loads of investment potential, use it as office space for your large business on one floor and rent the other floors or keep it all for yourself! (Medical Centre, Law Offices, Accounting Firms etc..,) Currently laid out with 21 office spaces in total, each floor offers a kitchen/kitchenette and washrooms. But that's not all, this unique property can also be converted to residential use!! Currently zoned Residential (R4 6H); and has also been approved by the Municipality to be rezoned to develop up to a maximum of 9 residential units, 3 units per each floor! Not interested in the rental property industry..? No problem, register the building as a Condo Corporation and sell each residential unit separately, With an elevator already existing, it makes this property wheelchair accessible. Be sure to check in with google, to read about all the opportunities with our Canadian Governments Housing Plans! Get your business plans and ideas rolling, multitudes of opportunities with this property!
Location
Province ON
County Hastings
Area Hastings
Interior
Cooling Yes
Exterior
Community Features Major Highway
Utilities Available Yes
Lot Depth 165.02
Others
Security Features No
Listed by ROYAL LEPAGE PROALLIANCE REALTY
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