277 Castor Street, Russell, Ontario, K4R1B8



$1,387,000
Russell
This retail property in Russell is for sale.
Rare development opportunity in the booming Town of Russell. This approximately 33,670 sq. ft. fully serviced parcel offers excellent visibility in a high-exposure location with attractive water views. Ideally situated in a growing community, the property presents many development possibilities (subject to approvals) and is well suited for residential, commercial, or mixed-use concepts.The property includes a double-door garage with entry access and a ramp leading to the basement area. With strong visibility, municipal services in place, and significant growth in the surrounding area, this is an outstanding investment opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 82 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 is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,387,000, about 10.9× the local median household income of $127,000.
Carrying it typically needs a household income of about $270,930 (20% down, 25-yr amortization, stress-tested) — roughly 113% above the area median.
Source: Statistics Canada, 2021 Census (FSA K4R)
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