108 Russel Street
Centre Hastings, ON
- 4 bath
- approx. 5000 + sqft
- Multiplex
- 54 days on market
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.
Listing Details
- Taxes (2025)
- $6,051
- Listed
- July 24, 2026
Price History
Listing history
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Property
- Style
- 3-Storey
- Age
- 31-50
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Block
- Interior
- Other
- Lot Size
- 103.78 x 165.02 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 9
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Hwy 62
- Zoning
- R4-6-H
- Parcel Number
- 406210140
- Possession
- Flexible
- Occupancy
- Vacant
Schools
Elementary
- Central Hastings School0.6 km
Public · Hastings & Prince Edward DSB · 370 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 67% met the provincial standard
Secondary
- Central Hastings School Secondary School0.6 km
Public · Hastings & Prince Edward DSB · 495 students
Grade 10 literacy: 82% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K0K
- Population
- 115,850
- Private dwellings
- 53,153
- Median age
- 50.8
- Average household size
- 2.4
- Median household income
- $83,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Centre Hastings · last 12 months
- Median sold price
- $490,000
- Homes sold
- 83
- Median days on market
- 39
- Sale-to-list price
- 95.3%
Based on 83 recorded sales of residential freehold properties in Centre Hastings over the last 12 months.
Rooms
2-piece on Main, 2-piece on Main, 2-piece on Second, 2-piece on Third
Third
- Bathroom
Second
- Bathroom
Main
- Bathroom
- Bathroom
- Foyer9'10" x 7'6"
- Kitchen26'1" x 9'10"
- Office12' x 9'5"
- Office12'2" x 17'7"
- Office19' x 11'2"
- Office12' x 9'10"
- Office11'1" x 9'5"
Listed by
Royal Lepage Proalliance Realty
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$199,980
Estimated Monthly Payment
$4,912
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,912/mo (20% down, 5.5%)
Taxes: $504/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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