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.
This Multiplex located at 108 Russel Street, Centre Hastings, ON K0K 2K0 is currently for sale and has been available at Kash Invest for 97 days. This property, in the city of Centre Hastings and Centre Hastings neighborhood, is listed at $999,900 with an estimated mortgage of $4,676* per month. It has an area of 103.78x165.02 sqft with 0 beds and 4 BR. Waterfront Communities C1, Weston and Bradford are nearby neighbourhoods.