Property description for 108 Russel Street, Centre Hastings, ON K0K 2K0

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:38686)

QUICK OVERVIEW

9 parking spaces
Central air conditioning
Forced air, Natural gas
1 Day on website

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Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Diana Cassidy-bush

Listing Office Royal Lepage Proalliance Realty, 613-478-6600

Updated Saturday, July 25, 2026 at 8:00:32 PM

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NEIGHBOURHOOD

About the Centre Hastings Neighbourhood

La tranquillité est un élément important du caractère de Centre Hastings. La municipalité plaira à ceux qui apprécient les environnements paisibles, étant donné qu'il y a peu de pollution sonore liée à la circulation des voitures.

Learn more about Centre Hastings

Car friendly

Accès exceptionnel à des voies rapides et/ou des artères majeures, avec un risque quasi nul de problèmes de stationnement

Daycares

Au moins une garderie à quelques pas à pied

High Schools

Au moins une école secondaire à moins de 10 minutes à pied

Elementary Schools

Au moins une école primaire à moins de 10 minutes à pied

Groceries

Grande variété d'épiceries à quelques pas