43 photos
108 Russel Street, Centre Hastings, ON K0K 2K0
Centre Hastings · Centre Hastings · K0K 2K0
$999,900
About this property
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.
Details
- Property type
- Multiplex · Residential Freehold
- Bedrooms
- 0
- Bathrooms
- 4
- Living area
- 5000 + sq ft
- Lot
- 103.78 × 165.02 Feet
- Year built
- 31-50
- Style
- 3-Storey
- Heating
- Forced Air · Gas
- Cooling
- Central Air
- Sewer / septic
- Sewer
- Basement
- Crawl Space, Unfinished
- Garage
- None
- Parking total
- 9
- Taxes
- $6,051 (2025)
Rooms
| Room | Level | Size | Notes |
|---|---|---|---|
| Office | Main | 12' 2" × 17' 7" | |
| Foyer | Main | 9' 10" × 7' 6" | |
| Office | Main | 12' × 9' 5" | |
| Office | Main | 12' × 9' 10" | |
| Kitchen | Main | 26' 1" × 9' 10" | |
| Office | Main | 11' 1" × 9' 5" | |
| Office | Main | 19' × 11' 2" | |
| Bathroom | Main | 0' × 0' | |
| Bathroom | Main | 0' × 0' | |
| Bathroom | Second | 0' × 0' | |
| Bathroom | Third | 0' × 0' |
Location
Approximate location, placed by postal code. Postal code data © GeoNames (CC BY 4.0).
Payments on this home
Estimated monthly payment
$4,427
Principal and interest only, using Canadian semi-annual compounding. Taxes, insurance, and CMHC premiums (required under 20% down) are extra. For planning, not a lending commitment.
Listing courtesy of Royal Lepage Proalliance Realty. Listing data provided by the originating real estate board via PropTx Amplify Syndication.
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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
Information is deemed reliable but not guaranteed accurate. Room measurements are deemed reliable but not guaranteed.