987 North Russell Road Russell, Ontario K4R 1C7
$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:37553)
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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June 03 2022 02:11:59
Ottawa Real Estate Board
Exp Realty