22 Dollard Street, Russell

Bedrooms: 6
Bathrooms: 2
Added: 3 months ago
Updated: 1 month ago
Last Checked: 1 day ago
Listed by: ROYAL LEPAGE INTEGRITY REALTY
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Listing description
This Other at 22 Dollard Street Russell, ON with the MLS Number x12146215 listed by Kevin John - ROYAL LEPAGE INTEGRITY REALTY on the Russell market 3 months ago at $765,000.

Discover this impeccably designed legal duplex in Embrun offering exceptional value and strong rental income. The upper-level flagship unit is a beautifully renovated 3-bedroom home. Thoughtfully updated with care and attention to detail, this unit stands out as one of the premier rentals in Embrun. The newly constructed lower-level apartment is equally impressive -- a bright and modern 3-bedroom unit. Together, both units are rented (no vacancy) to generate a robust monthly income of $4,200, translating to over $50,000 annually. Heat/Hydro is separately metered so as the new property owner, you pay only water. The extra-large 1/3rd acre property lends well to future development -- extensions, outbuildings, carriage homes, and more! This is an excellent land parcel to take advantage of the More Homes Built Faster Act, 2022 (also known as Bill 23) as part of Ontarios goal of building 1.5-million new homes in under 10 years. Annual Income $50,415. Annual Expenses: Water $1,550, Insurance $1,673, Tax $3,570 = Total $6,793. Net Income $43,622. Cash flow before finance $3,635 per month. On reasonable financing terms the monthly cashflow is $800+ per month. This investment opportunity is hard to beat. If long-term growth is 4-5% per year, this duplex could be worth $1.43-1.65 million in 15 years, and $2.58-3.44 million in 30 years when paid in full. Cashflow in the interim should greatly exceed $500,000. This equates to a potential return of $3-4 million from todays $159-238k downpayment. Consider adding 22 Dollard Street in Embrun as a flagship property and long-term staple to your portfolio. Note: Financials discussed in the video are outdated; please refer the the updated numbers listed here. Photos taken prior to current tenancies. (id:1945)

Property Details Key information about 22 Dollard Street

Cooling: Wall unit
Heating:
- Radiant heat
- Electric
Structure Type: Duplex
Exterior Features: Brick
Architectural Style: Raised bungalow

Interior Features Discover the interior design and amenities

Basement:
- Apartment in basement
- N/A
Appliances:
- Washer
- Dishwasher
- Dryer
- Hood Fan
- Two stoves
- Two Refrigerators

Exterior & Lot Features Learn about the exterior and lot specifics of 22 Dollard Street

Water Source: Municipal water
Parking Features:
- Garage
- Carport
Lot Size Dimensions: 77.9 x 195 FT

Utilities & Systems Review utilities and system installations

Sewer: Sanitary sewer

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Nearby Listings Stat Estimated price and comparable properties near 22 Dollard Street

Active listings

Min Price

$765,000

Max Price

$765,000

Avg Price

$765,000

Days on Market

115 days

Sold listings

Min Sold Price

$699,900

Max Sold Price

$699,900

Avg Sold Price

$699,900

Days until Sold

138 days

Nearby Places Nearby schools and amenities around 22 Dollard Street

Cambridge Public School (5 km)
2123 Route 500 W, Embrun

Saint Thomas Aquinas Catholic School (6.5 km)
1211 S Russell Rd, Russell

Russell High School (6.8 km)
982 N Russell Rd, Russell

Wynbrook Farm Riding School (8.1 km)
6222 Dunning Rd RR 2, Vars

Lucky 7 Sports Bar and Restaurant (2 km)
767 Notre Dame St, Embrun

Tim Hortons (2 km)
771 Notre Dame St, Embrun

Boboul Pizza (6.4 km)
525 Limoges Rd, Limoges

Calypso Theme Waterpark (6.5 km)
2015 Calypso St, Limoges

Russell Arena (6.6 km)
1084 Concession St, Russell

Cannamore Orchard (9.1 km)
1480 County Road 32, Cannamore

Price History

Listed

May 14, 2025

by ROYAL LEPAGE INTEGRITY REALTY

For Sale

$765,000

22 Dollard Street, Russell

Listing description This Other at 22 Dollard Street Russell, ON with the MLS Number x12146215 listed by Kevin John - ROYAL LEPAGE INTEGRITY REALTY on the Russell market 3 months ago at $765,000.

Nearby Listings Stat Estimated price and comparable properties near 22 Dollard Street

Nearby Places Nearby schools and amenities around 22 Dollard Street

Price History

Similar Other For Sale

Listing description
This Other at 22 Dollard Street Russell, ON with the MLS Number x12146215 listed by Kevin John - ROYAL LEPAGE INTEGRITY REALTY on the Russell market 3 months ago at $765,000.