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108 RUSSEL STREET Centre Hastings, ON K0K2K0
4 Baths
5,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Square Footage 5,000 sqft
Price per Sqft $199
Subdivision Centre Hastings
MLS® Listing ID X13603160
Half Baths 4
Property 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. Buyers are encouraged to complete their own due diligence regarding building permits, approvals, code requirements and the proposed conversion. (id:24570)
Location
State ON
Rooms
Kitchen 1.0
Extra Room 1 Second level Measurements not available Bathroom
Extra Room 2 Third level Measurements not available Bathroom
Extra Room 3 Main level 3.72 m X 5.36 m Office
Extra Room 4 Main level 2.99 m X 2.29 m Foyer
Extra Room 5 Main level 3.66 m X 2.87 m Office
Extra Room 6 Main level 3.66 m X 2.99 m Office
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 9
Garage No
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by Royal Lepage Proalliance Realty