108 Russel Street

About this home

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.

Details

Type

Multiplex

Style

3-Storey

Age

31-50 years

Size

5000 + sq ft

Lot

103.78 × 165.02 ft

Basement

Crawl Space, Unfinished

Garage

None

Kitchens

1

Property tax

$6,051 (2025)

Neighbourhood

Centre Hastings

Municipality

Centre Hastings

Interior

Bedrooms

0 above ground

Bathrooms

1 × 2-piece (main), 1 × 2-piece (main), 1 × 2-piece (second), 1 × 2-piece (third)

Rooms

41 above ground

Family room or den

No

Fireplace

No

Heating, cooling and services

Heating

Forced Air, Gas

Air conditioning

Central Air

Water and sewer

Sewer

Building and exterior

Style

3-Storey

Exterior

Brick

Roof

Asphalt Shingle

Foundation

Block

Age

31-50 years

Faces

West

Parking

Total parking

9

Driveway and parking

Available, Private

Lot

Size

103.78 × 165.02 ft (irregular)

Acreage

< .50

More

Possession

Flexible

Nearby

Arts Centre, Library, Park, Place Of Worship, River/Stream, School

Cross street

Hwy 62

Rooms