Address
104 MILL STREET Russell, ON
Price
$ 649,900
Property Attributes
  • ID#1269193
  • TypeSingle Family
  • CityRussell
  • NeighbourhoodRussell
  • Postal CodeK4R 1B8
  • StyleSemi-detached
  • Price$ 649,900
  • Bedrooms3+2
  • Bathrooms4
  • Half Bathrooms1
Listing Provided Courtesy Of:
Carley Humphries with Keller Williams Integrity Realty
Data Source:
RLP - CREA EN
Property Description

This 13-yr-old home has two units, a full 3-bed, 3 bath house plus a legal 2-bed basement apartment. Among the highest earning dual-unit homes on market in recent memory. The main flagship unit is the perfect fit for a family. HOMEOWNERS: Income from basement unit pays for up to 82% of the mortgage; remaining payment is approx. $339. INVESTORS: Rents sum to $2890/mo, $35k/yr. Tenants pay all utilities. Your expenses are simply tax and insurance. Resulting net income is $29,412. At 1.85% over 30yrs the mortgage is $1,883 and cash flow is a stellar $600/mo. LONG-TERM: over 30yrs this property will carry itself plus cash flow $210k even without rent increases. At 5% appreciation/yr this property could be worth $2.8M when paid off in 30yrs. Thats 15x the avg. Canadians retirement savings. Russell has an extreme rental shortage with vacancy near zero. Modern build suggests low maintenance for foreseeable future. (id:27)

General Features

Beds 3+2
Parking Spaces 3

Interior Features

Bedrooms 3+2
Bedrooms Above 3
Bedrooms Below 2
Total Baths 4
Total Half Baths 1

Exterior Features

Lot Frontage 28.3
Jumpid 16475933
Mls 1269193

Room Details

Room Dimensions Level Flooring Details
Bathroom 8'3" x 4'9" Lower Level
Bedroom 9'6" x 7'1" Lower Level
Bedroom 12'0" x 9'7" Lower Level
Breakfast 8'9" x 7'5" Lower Level
Kitchen 9'16" x 7'8" Lower Level
Living 11'6" x 10'1" Lower Level

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in K4R 1B8

Price
AVG $650K
$650K
Visits
AVG 9
8
Year Built
AVG 2008
2008
Walkscore
AVG 33
33
Data Provided by Walkscore ® not using MLS data