Description

Bring your vision to life at 11 Craig Street! Located in the heart of Russell, this vacant lot offers excellent exposure and a central location close to local shops, services and everyday amenities. With access to municipal water and sewer, the property presents an exciting opportunity to explore a variety of potential uses, including a retail store, restaurant, office, artist studio, personal service establishment, day care centre or medical facility. Put your next venture at the centre of this welcoming community!Buyer to verify zoning, permitted uses, servicing availability and capacity, and all development requirements with the municipality. Any proposed use is subject to applicable approvals. (id:66096)

Market Timing

Days on market

38d

Russell listings, avg age

75d

List price

$200K

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.

Haho

This vacant land in Russell has been listed for 38 days, which is 37 days fresher than the city average of 75. Act while there is still low competition.

Set a price alert Book a showing

Area context

Neighbourhood profile (K4R)

This home lists at $199,900, about 1.6× the local median household income of $127,000.

Carrying it typically needs a household income of about $39,047 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $127,000
Population: 8,740
Median age: 39.6
Owner / renter: 88% / 12%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA K4R)

$199,900

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

Planning to build?

Before you offer on a development site, know what you can build. PreBuildIQ delivers zoning verdicts and required study scopes for any Ontario address in 60 seconds.

Check your site with PreBuildIQ →

11 Craig Street, Russell - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K4R)

Book a showing

Need a commercial mortgage?