108 RUSSEL STREET
Central Lakes · K0K2K0
$999,900
About this residence
This 3-storey building presents a rare opportunity for residential redevelopment with strong upside potential. Zoned Residential (R4-6H), the property has municipal approval to allow up to 9 residential units, with 3 units per floor, making it well suited for a full conversion project or long-term investment. Hastings County will also consider allowing an assisted living facility. Currently configured with 21 office spaces, the existing layout offers a flexible starting point for redesign. Each floor includes kitchen or kitchenette areas and washrooms, along with an existing elevator that supports accessibility across all levels. Whether you're looking to develop multi-unit housing or explore a condo conversion and sell units individually, this property offers a clear path forward in a growing housing market. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Other
- Bedrooms
- 0 (0 above)
- Bathrooms
- 4 (4 half)
- Storeys
- 3
- Living area
- 5,000–100,000 sq ft
- Lot size
- 103.8 x 165 FT
- Frontage
- 103.9 feet
- Parking
- 9 spaces
- Annual tax
- $6,051
- MLS®
- X12952182
- Board
- Central Lakes
- Status
- Active
- Listed
- Apr 2, 2026
- Updated
- Jun 19, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Office | Main level | 3.72 × 5.36 m |
| Bathroom | Third level | — |
| Foyer | Main level | 2.99 × 2.29 m |
| Office | Main level | 3.66 × 2.87 m |
| Office | Main level | 3.66 × 2.99 m |
| Kitchen | Main level | 7.96 × 3 m |
| Office | Main level | 3.38 × 2.87 m |
| Office | Main level | 5.79 × 3.41 m |
| Bathroom | Main level | — |
| Bathroom | Main level | — |
| Bathroom | Second level | — |
Features & finishes
Heating
- Forced air
- Natural gas
Cooling
- Central air conditioning
Basement
- Crawl space
- Unfinished
Exterior
- Brick
Foundation
- Block
Parking
- No Garage
Lot
- Irregular lot size
Sewer & Utilities
- Sanitary sewer
- Cable
- Electricity
- Sewer
- Telephone
- Wireless
- Electricity Connected
- Natural Gas Available
Financing
Estimated monthly payment
$4,676/mo
Loan amount
$799,920
Down payment
$199,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Central Lakes
Nearby
About the area
Census · K0K- 115,850
- Population
- 51
- Median age
- $83,000
- Median income
- $500,000
- Median home value
- 86%
- Home ownership
- 29 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 108 RUSSEL STREET?
108 RUSSEL STREET is listed for $999,900, in Central Lakes.
How many bedrooms and bathrooms does 108 RUSSEL STREET have?
It offers 0 bedrooms and 4 bathrooms (including 4 half-baths).
What type of home is 108 RUSSEL STREET?
108 RUSSEL STREET is a Multi-family, Other set over 3 storeys.
How large is 108 RUSSEL STREET?
The home offers approximately 5,000–100,000 sq ft of living space on a lot measuring 103.8 x 165 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $4,676. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $6,051 per year.
Is there parking?
Yes — 108 RUSSEL STREET includes 9 parking spaces.
What is the Central Lakes area like?
Central Lakes has a population of about 115,850, a median age of 51, a 86% home-ownership rate, with an average commute of about 29 minutes.
What is the average home value in Central Lakes?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in Central Lakes?
The median household income in this area is approximately $83,000.
Similar residences
Comparable Other near Central Lakes at a similar price.
Private viewings
Arrange a private viewing of 108 RUSSEL STREET.
Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.