108 RUSSEL STREET, Centre Hastings, Ontario, K0K2K0
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:2471)
ROYAL HERITAGE REALTY LTD., BROKERAGE
- 705-212-9996
- (705) 328 3800
- (705) 878 3422
- Info@Jancsiks.com
- Property Address: 108 RUSSEL STREET, Centre Hastings, Ontario, K0K2K0
- Community Name: Centre Hastings
- Property Type: Multi-family
- Zoning Description: R4-6-H
- Lot Size: 103.8 x 165 FT
- Acreage: 103.8 x 165 FT|under 1/2 acre
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Total Parking Spaces: 9
- Maintenance Fee: 0.00
- Amenities Nearby: Park, Place of Worship, Schools
- Structure Style: Other
- Storeys: 3
- Floor Space: 5000 - 100000 sqft
- Building Age: 31 to 50 years
- Bathrooms: 4-Total 4-Partial
- Basement Type: Crawl space (Unfinished)
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Brick
- Foundation Type: Block
- Irregular lot size
| Type | Level | Dimensions |
|---|---|---|
| Bathroom | Second level | Measurements not available |
| Bathroom | Third level | Measurements not available |
| Office | Main level | 3.72 m x 5.36 m |
| Foyer | Main level | 2.99 m x 2.29 m |
| Office | Main level | 3.66 m x 2.87 m |
| Office | Main level | 3.66 m x 2.99 m |
| Kitchen | Main level | 7.96 m x 3 m |
| Office | Main level | 3.38 m x 2.87 m |
| Office | Main level | 5.79 m x 3.41 m |
| Bathroom | Main level | Measurements not available |
| Bathroom | Main level | Measurements not available |
Listing Offices: Royal Lepage Proalliance Realty
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