10
See all 10 photos
$999,900
Est. payment /mo
4 Baths
New
108 Russel ST Centre Hastings, ON K0K 2K0
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Centre Hastings
MLS Listing ID X13603160
Style 3-Storey
Annual Tax Amount $6,050
Tax Year 2025
Property Sub-Type Multiplex
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.
Location
Province ON
County Hastings
Area Hastings
Rooms
Family Room No
Basement Crawl Space, Unfinished
Kitchen 1
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Available, Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 103.78
Lot Depth 165.02
Total Parking Spaces 9
Building
Building Age 31-50
Unit Features Arts Centre,Library,Park,Place Of Worship,River/Stream,School
Foundation Block
Others
ParcelsYN No
Listed by Royal Lepage Proalliance Realty
Nearby Locations
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