1027 Notre Dame Street
Russell, K0A 1W0
FOR SALE
$2,890,000

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Commercial Retail
CATEGORY25,000 Sq Ft
RETAIL AREAX12805176
MLSIDContact Us
Property Description
High-Exposure Mixed-Use Investment & Redevelopment Opportunity - Embrun Growth Corridor. Rare opportunity for investors and developers to acquire a high-visibility corner asset in one of Embrun's fastest-growing commercial corridors. Positioned on a prominent site with strong street frontage and steady daytime traffic, this property offers both stable in-place income and significant long-term upside.The building consists of approximately 25,000 sq. ft. above grade plus a full basement, totaling nearly 40,000 sq. ft. of usable space. Zoned for mixed-use development with potential approval for up to five storeys, the property presents a compelling opportunity for future intensification, redevelopment, or strategic repositioning. The rear section features 16-foot clear ceiling heights and a functional loading dock, allowing for a wide range of commercial uses including retail, warehouse, light industrial, or service-based operations. The site also includes 41 on-site parking spaces. Currently occupied by four established long-term tenants, the property generates stable income with additional value-add potential through lease optimization and repositioning of available space. With a strong existing NOI of approximately $191,000, 6.62% CAP Rate, investors can benefit from immediate cash flow while planning future redevelopment or rent growth strategies. This is a rare chance to secure a multi-tenant commercial asset in a high-growth area with both income stability and clear development upside. Please do not disturb tenants or staff. Exterior viewing only. All interior showings by appointment through the listing agent during business hours.
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Property Details
Address
1027 Notre Dame Street
Community
City
Postal Code
K0A 1W0
Property Type
Commercial Retail, Commercial Retail
Use
Multi-Use
Zoning
VC
Lot Size
105' x 208'
Retail Area
25,000 Sq Ft
Taxes
$36,540 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Parking Spaces
41
Garage Type
None
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Listing contracted with Exit Results Realty
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