987 North Russell Road, Russell, Ontario K4R 1C7 (24492092)


LOADING

987 North Russell Road Russell, Ontario K4R 1C7

Baseboard Heaters

$11,995,900

ATTENTION INVESTORS! Newly constructed 44-Unit building. Incredible income producing property in the growing town of Russell. This building is currently under construction and will be 100% complete on closing! Built by a QUALITY BUILDER with a successful portfolio, this 3-storey, 44-unit building will produce immediate cash flow. Conveniently located in the growing town of Russell just 40 minutes from downtown Ottawa. Features include efficient electric baseboard heating systems and ERV's (energy recovery) in each unit, 1 hydro meter, an ELEVATOR, 59 parking spots with some handicapped accessible, income generating laundry facilities with coinamatic card operated machines, and 40-year fiberglass shingles. Located in the growing bedroom community of Russell, On, 40 minutes from downtown Ottawa and within the Nation's Capital region. Minutes to the similar community of Embrun and Ottawa's other east end neighbourhoods. All numbers are estimated from previous developments, pls inquire. (id:37611)

Property Details

MLS® Number 1296025
Property Type Multi-family
Neigbourhood Russell
Parking Space Total 59

Building

Constructed Date 2023
Exterior Finish Stone, Siding
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 301 Ft ,9 In
Size Frontage 224 Ft ,9 In
Size Irregular 224.74 Ft X 301.77 Ft
Size Total Text 224.74 Ft X 301.77 Ft
Zoning Description R3

https://www.realtor.ca/real-estate/24492092/987-north-russell-road-russell-russell

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