The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Prime Commercial Opportunity with Redevelopment Potential - 203 Russell Street N, Madoc. Positioned on a high-exposure corner in the heart of Madoc, this nearly 1-acre commercial property offers exceptional visibility and versatility for investors, owner-operators, and developers alike. The site features approximately 0.96 acres with strong frontage and access along Russell Street (Hwy 62), benefiting from consistent traffic flow and excellent exposure-ideal for a wide range of commercial uses. Currently improved with a commercial building previously used for food service, the property provides a functional footprint for those looking to renovate, reposition, or repurpose the existing structure. Zoned C1 (Commercial), the property allows for a broad spectrum of permitted uses, making it equally attractive as a turnkey location or a strategic long-term investment. Where this property truly stands out is its redevelopment potential. With its generous lot size, corner positioning, and strong exposure, the site presents a compelling opportunity for future intensification-whether through a new commercial concept, mixed-use development, or a modern reimagining of the existing improvements. Located within a growing regional community and surrounded by established residential neighborhoods, this is a rare chance to secure a high-profile site with both immediate utility and long-term upside.
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Age Groups
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Owners vs Renters
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,298/mo
Mortgage (principal + interest)$2,431
Property taxFrom listing: $10,402/yr$867
Minimum $39,990 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$129,980
Ontario land transfer taxProvincial brackets, no first-time refund$9,473
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$142,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Centre Hastings has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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