1133 Concession Street Russell, Ontario K4R 1C8

$1,200,000

Historic Mixed-Use Commercial Building in the Heart of Russell. Step into a piece of history with this century-old mixed-use commercial building, perfectly situated in the heart of Russell. This solid brick property offers an investment opportunity with 5 commercial units on the ground floor and 5 residential apartments on the second floor. One of which is currently vacant, and freshly renovated, allowing for immediate occupancy . Separate hydro meters for all units, ensuring ease of utility management and tenant responsibility. Natural gas heating for the commercial units, providing efficient and cost-effective climate control. Electric baseboard heating for the five residential apartments, allowing independent temperature control for tenants. Prime Location & Investment Potential: Located in the heart of Russell, this high-visibility property benefits from excellent foot traffic and a thriving local economy. Ideal for a mix of retail, office, and service-based businesses looking to establish themselves in a well-traveled area. Russell's growing population and strong community appeal make this an excellent long-term asset. Whether you're looking to expand your investment portfolio, or generate passive income, this historic property offers endless possibilities. Don't miss the chance to own a piece of Russell's history! (id:60234)

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