$2,690,000
Russell
1027 Notre Dame Street, Russell, Ontario, K0A1W0
This retail property in Russell is for sale. It has been on the market 23 days, fresher than the Russell average of 74 days.
PRIME INVESTMENT & REDEVELOPMENT OPPORTUNITY IN THE HEART OF EMBRUN! Strategically positioned on a high-visibility corner at Notre Dame St. & St-Augustin Rd., this substantial mixed-use commercial property offers a rare combination of existing income, significant usable space and long-term development potential. With approximately 25,000 sq. ft. above grade plus a full basement, the property provides nearly 40,000 sq. ft. of total usable space on a prominent site with excellent exposure and approximately 41 parking spaces. Currently occupied by established long-term tenants, offering investors immediate income while creating opportunities to increase revenue through leasing, repositioning and future redevelopment. The rear portion features 16' clear ceilings and loading dock access, providing flexibility for a variety of commercial, retail, warehouse, service and light-industrial uses. Located within Embrun's Village Core, this property offers an exciting opportunity for investors, owner-users and developers looking to secure a strategic asset in a growing Eastern Ontario community. Explore the potential for intensification, redevelopment or adaptive reuse, subject to municipal approvals and applicable zoning requirements. Whether your strategy is to hold for income, improve and lease, occupy, reposition or redevelop, 1027 Notre Dame offers the scale, visibility and location to support a variety of investment strategies. Financial information, leases and additional property details available to qualified purchasers upon execution of a Confidentiality Agreement. Do not approach tenants or staff. Exterior viewing permitted; all interior showings by appointment through the listing agent. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 23 days on market, against an average age of 74 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 98.2 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This retail in Russell has been listed for 23 days, which is 51 days fresher than the city average of 74. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,690,000, about 23.4× the local median household income of $115,000.
Carrying it typically needs a household income of about $525,451 (20% down, 25-yr amortization, stress-tested) — roughly 357% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0A)
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