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Mathan Markandu

mathan.markandu@century21.ca +1(416) 888-5730

$ 899,900

Est. payment -/mo

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Active

31 Marcel ST Russell, ON K0A 1W0

5 Beds

4 Baths

UPDATED:

01/15/2025 03:17 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision 602 - Embrun

MLS Listing ID X11923690

Style 2-Storey

Bedrooms 5

Annual Tax Amount $5,532

Tax Year 2025

Property Sub-Type Duplex

Property Description

Discover this thoughtfully designed duplex, an ideal opportunity for investors or buyers looking to offset their mortgage by living in one unit and renting out the other. This well-maintained property offers both comfort and practicality, with great income potential. The upper unit features a bright, open-concept kitchen and living/dining area with a patio door leading to a spacious deck, perfect for outdoor enjoyment. With 3 bedrooms, 2.5 bathrooms, and a large laundry room, this unit is well-suited for families or professionals seeking space and convenience. The lower unit has a private side entrance and includes 2 bedrooms plus a den, a full bathroom, and its own laundry room. The bright, open-concept living area boasts a cozy fireplace, and a great modern kitchen. Both units are equipped with separate furnaces, HRVs, hot water tanks, and individual gas and hydro meters, giving tenants control over their utilities. Tenants pay heating and hydro, while the landlord covers up to $100 per month for water. The property is fully rented, with 31 Marcel generating $2,800 per month and 31A generating $2,200 per month. The upper unit has a 5 year lease expiring on April 1st 2029 and the lower unit lease is in place until April 1, 2025, after which they will transition to a month-to-month agreement. Whether you're looking to grow your portfolio or find a home that generates income, this duplex is a rare opportunity you wont want to miss!

Location

State ON

County Prescott And Russell

Community 602 - Embrun

Area Prescott And Russell

Rooms

Family Room Yes

Basement Apartment, Separate Entrance

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Air Exchanger, Auto Garage Door Remote, In-Law Suite, On Demand Water Heater, Separate Heating Controls, Separate Hydro Meter, Accessory Apartment

Cooling Central Air

Fireplaces Number 2

Fireplaces Type Natural Gas, Family Room, Living Room

Inclusions 2 Fridges, 2 Stoves, 2 Dryers, 2 Washers, 2 Dishwashers, 2 Hood Fans, 2 Air Exchangers, Auto Garage Door Opener

Exterior

Exterior Feature Deck

Parking Features Front Yard Parking

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 40.0

Lot Depth 134.91

Total Parking Spaces 5

Building

Foundation Poured Concrete

Others

Virtual Tour https://my.matterport.com/show/?m=yHXuAdNweYh

Listed by LOCKE REAL ESTATE INC.

Mathan Markandu

Broker | License ID: 9529057

+1(416) 888-5730

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Mathan Markandu

31 Marcel ST Russell, ON K0A 1W0

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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31 Marcel ST