108 Russel Street Centre Hastings, Ontario K0K 2K0
$999,900
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. Buyers are encouraged to complete their own due diligence regarding building permits, approvals, code requirements and the proposed conversion. (id:49269)
Property Details
| MLS® Number | X13603160 |
| Property Type | Multi-family |
| Community Name | Centre Hastings |
| Amenities Near By | Park, Place Of Worship, Schools |
| Features | Irregular Lot Size |
| Parking Space Total | 9 |
Building
| Bathroom Total | 4 |
| Age | 31 To 50 Years |
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Half Bath Total | 4 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 5,000 - 100,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 165 Ft |
| Size Frontage | 103 Ft ,9 In |
| Size Irregular | 103.8 X 165 Ft |
| Size Total Text | 103.8 X 165 Ft|under 1/2 Acre |
| Surface Water | River/stream |
| Zoning Description | R4-6-h |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | Measurements not available | ||
| Third Level | Bathroom | Measurements not available | ||
| Main Level | Office | 3.72 m | 5.36 m | 3.72 m x 5.36 m |
| Main Level | Foyer | 2.99 m | 2.29 m | 2.99 m x 2.29 m |
| Main Level | Office | 3.66 m | 2.87 m | 3.66 m x 2.87 m |
| Main Level | Office | 3.66 m | 2.99 m | 3.66 m x 2.99 m |
| Main Level | Kitchen | 7.96 m | 3 m | 7.96 m x 3 m |
| Main Level | Office | 3.38 m | 2.87 m | 3.38 m x 2.87 m |
| Main Level | Office | 5.79 m | 3.41 m | 5.79 m x 3.41 m |
| Main Level | Bathroom | Measurements not available | ||
| Main Level | Bathroom | Measurements not available |
Utilities
| Cable | Available |
| Electricity | Installed |
| Wireless | Available |
| Natural Gas Available | Available |
| Telephone | Nearby |
| Electricity Connected | Connected |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30076325/108-russel-street-centre-hastings-centre-hastings
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July 24 2026 05:49:57
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