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.
Address
108 Russel Street
List Price
$1,025,000
MLS® Status
Price Change
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Centre Hastings
Region
Hastings
Rooms Above Grade
41
Bathrooms
4
Floor Area
5000 + Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
165.02
Lot Shape
Irregular
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
103.78
Parcel Number
406210140
Occupant Type
Vacant
Cross Street
Hwy 62
Approx. Age
31 - 50 Years
MLS® Number
X12952182
Listing Brokerage
Royal Lepage Proalliance Realty
Basement Area
Crawl Space, Unfinished
Postal Code
K0K 2K0
Posession Details
Flexible
Parking
Available, Private
Parking Places (Total)
9
Parking Spaces
9
Tax Amount
$6,050.61
Tax Year
2025
Rural Utilities
Cable Available, Cell Services, Garbage Pickup, Internet High Speed, Natural Gas, Telephone Available, Recycling Pickup, Electricity Connected
Site Influences
Arts Centre, Library, Park, Place Of Worship, River/Stream, School
Interior Features
Other
Property Features
Arts Centre, Library, Park, Place Of Worship, River/Stream, School
Cable
Available
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
West
Fireplace
No
Foundation Details
Block
Garage
No
Garage Type
None
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 5 W/S RUSSELL ST PL 105; PT LT 6 W/S RUSSELL ST PL 105 PT 1 21R3022; T/W R/W PT 2 21R3022 EXCEPT PT 1 21R4114 AS IN QR234630; CENTRE HASTINGS; COUNTY OF HASTINGS
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Office | 3.72 x 5.36 | |
| Main | Foyer | 2.99 x 2.29 | |
| Main | Office | 3.66 x 2.87 | |
| Main | Office | 3.66 x 2.99 | |
| Main | Kitchen | 7.96 x 3 | |
| Main | Office | 3.38 x 2.87 | |
| Main | Office | 5.79 x 3.41 | |
| Main | Bathroom | 2 Pc Bath | |
| Main | Bathroom | 2 Pc Bath | |
| Second | Bathroom | 2 Pc Bath | |
| Third | Bathroom | 2 Pc Bath |